Well Infosys Stock prices are already in a Downtrend since from the month of February. Not just Infosys, the entire Nifty IT Index is in a similar state.
Hence, it’s no surprise that stock prices continued to fall rapidly right from the market open.
Overall, it’s an intermediate downtrend which is something that goes on for weeks to months. Take a look at the Price Action Analysis
Infosys – Price Action Analysis on 4h Chart
Investors and traders who bought earlier at 1375 – 1400 zones are now trapped by the market behavior.
Will the Downward Gap get filled? Or precisely will the prices retrace back to 1375.00?
There are chances of market retracing back to the price gap, but however it’s not a guaranteed outcome since the overall trend in on downside.
Keep an eye on the Price Action in 4h chart and see what happens…
By the way if you’re interested to learn how to trade these types of unexpected Price Action scenarios, take a look the video about pattern recognition given below
What do you think about Infosys? Leave your thoughts and Ideas in comments
