Divergensity

Buy, after a "Dip"

Short
NSE:INFY   INFOSYS LTD
Infy does look like it going to make higher highs, however I would suggest to wait for a Higher "Low " before going long on this. The corrective pattern that Infy is doing is a simple ABC flat and I think the C down is pending. Post completion, it can resume its up move. One might even look for a short term short opportunity depending on the entry technique. From where it stands, I think Infy is a down first, Up next.

** This is not a trade advice**
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.