Infosys - More bottoms to come !!!

Infosys would soon complete 10 months in bearish trend. In these 10 months infosys was well bounded by the 200 day EMA (the thing red line). I have circled in red four occasions when infosys formed tops with 200 day EMA as resistance. Recent of these was in the last week when infosys started falling from a high of around 1830.

In this new downtrend, the scrip may find support at 1750 (thick blue line) if there is a spurt in volume in the coming sessions. If infosys breaks below 1750, then we may see this scrip going down till 1600 again.