INFOSYS

INFOSYS
Infosys closed below its strong support of 50 DMA with a huge black candle and a sell signal was also generated these factors point out a bearish time for Infosys
Now the next target/support can be 2100 which is a strong support
Below 2100 infy can test its 100 DMA of 2046 and a close below which will be bad for the stock as it can even go to 1950 (all these scenarios will occur step by step if they occur)
For bull it is best to avoid buying in infyy till it consolidates at either of the above mentioned supports( preferably 1950)