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Infosys – Bulls Challenging the Down Trend

Infosys Price action reverses at end of the year

From June 2016 till Mid November Infosys share prices tumbled. Price value fell from 1280 to 900 per share. The primary reason for the selloff is poor fundamentals, negative growth and decline in overseas market. Investors’ confidence in India’s second largest IT software service exporter was shaken off. Downtrend continued as a result and Market participants kept reducing their stakes in the firm. Price action reflects that picture precisely in daily chart.

Now it seems like market has discounted the negative information and now waiting for Q3 results. As a consequence, we see buying pressure building up in the stock. Market bounced back from 900 price level in Mid November and that’s continuing till to date. Bulls are challenging the downtrend at end of the year, Keep an eye on the Price action – it can offer significant opportunity for traders.

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About the Author:

Balaji is a Speculator, Investor and Trader (All in All!!!) and self published author. Trading in the Markets since decade, have seen more ups and downs along with institutional trader's lifestyle. He usually trades Nifty, Bank Nifty, Commodities, Futures cum Options around both Indian and global Markets. Balaji applies highly analytical and systematic Price Action strategies He blogs passionately about Trading strategies, Price Action Trading, Technical analysis, Macro events, Market setups, Financial and Economical topics. Apart from Trading and Blogging, Balaji also mentors aspiring Traders and Investors on becoming successful in highly competitive financial Markets.

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