On 1st Feb 2016, Infosys stock has seen Double Top formation signaling a downtrend.
Short position can be considered at a price of 1047.50 with a expected return of 12.40%
High volume indicates selling pressure for the stock.
, , Double Top
, , Double Top
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The Double top formed was broken (during may month) by bulls before it witnessed the break down, hence it should be ignored..