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This counter lost almost 6 per cent. The bearish engulfing pattern in the weekly chart this week has completed an evening star formation.

The stock has also closed below its 50-day moving average. This denotes a medium-term peak.

This will be confirmed if the stock continues to trade below Rs 2,250 this week. Infosys can then head towards Rs 2,100 or even Rs 1,972 over the medium term. Traders can utilise rallies to play short on this counter with a stop at Rs 2,315. If the stock rises above Rs 2,315, the next target would be Rs 2,362.

Lokeshwarri S. K.

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