INFY SHORT OPPORTUNITY INFY SHORT OPPORTUNITY IN COMMING DAYS.
Green dot line down trend marked
Red one temporary up move inside the green dotted channel.
INFY
INFY - Trading in a up-sloping channelStock in a slow up-move, would take time reaching its target.
680- 650 turns out to be a good support zone, from where stock manages to bounce most of the time.
PREPARE NEXT WEEK FOR #PROFITABLE ENTRIES - INFY - 30MN - INDIAThank you for your likes! Please share to benefit everyone! Much appreciated!
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High potential of profitable entries next week as the INFY INFOSYS price has returned to its historical super strong line .
This line has been reverting from powerful support to massive resistance line.
The market has a high probability to go away from this actual point. This elastic movement could lead in the future to a new type of trend.
Above the price, the first resistance R' which can become a pullback point . Same for under, the support S' which can be a point of pullback up . This showing a new ranging trend of the INFY.
Breaks might happen:
- If the market breaks the S' support line , we could observe a nice downtrend before observing a recovery back to the black center line.
- If the market breaks the R' resistance line , we could see the market first testing the previous uptrend support line which will become a potential pullback zone.
Keep in mind:
The volume down there is important and has to be higher than the dotted line traced i n order to make a decisio n having better probability to succeed.
INFY - ABCD PATTERNStock looks good, as long as it is holding 666 levels, it is heading towards 750 levels.
Trade Type : Positional
TRGT :750
Stop 666, trail stop 674
Minor Resistance at 700 levels, above which it can zoom fast.
Do not follow blindly, please do your own research.
INFY - Long term is still upInfy bounced from the long term trend line .
This Trend-line has 4 touch points, any tend-line having more than 3 touches are considered as important and the support it provides works as a major support.
Since i work on harmonics i can see in Sep 2017, stock formed cypher pattern and the prices zooms from its prz zone and this time stock again formed cypher pattern and bounced from its support zone meaning its following the same pattern.
From recent lows stock is already up by 38% and possibly it could spendssome time consolidation before taking another flight.
When the whole market is in bears hand ,this stock refuses to fall and bounces with much strength , all this suggesting that it could be a leader in the upcoming bull market.
INFOSYS + $9.50 Short Call + Bull Run PotentialI believe in the next few weeks or month, a $9.50 positive correlation price target for Infosys is quite possible. I also think given other's bullish outlook, that a bull run for a long term hold could be quite possible. That being said, please take into account what I said as just an opinion and not face value. I do think though that INFOSYS is a conservative stock pick and wouldn't classify it as too high risk or even medium risk.
infosys on impulsive wave.you can see macd is also ready to give buy signal and recent Fibonacci retracement show near trg,
elliote wave shows 12345 pattern after abc pattern lets see chart
INFY - GO SHORT FOR NEXT 2 DAYS FOR A RR OF 1:5INFY - SELL @ CMP WITH A SL OF 758.85 AND A TARGET OF 713. TARGET SHOULD BE ACHIEVED BY 5 MARCH 2PM. EXIT COMPLETELY AFTER THE TARGET IS ACHIEVED
Infy infosys long bull pennant and gap fill 4 hr has bullish pennant with great RR ratio
High probability trade
INFY - GO LONG THEN SHORTINFY - SHORT TERM PLAN AS ON 10 NOVEMBER
1. GO LONG @ CMP WITH A SL OF 699.55 AND A TARGET OF 745.
2. ONCE THE TARGET IS ACHIEVED, GO SHORT WITH A SL OF 792 AND A TARGET OF 615.4
INFY IN BUY TREND BUY ABOVE 718.65INFY IN BUY TREND ONLY BUY ABOVE 718.65
TARGET 1 @ 724.35
TARGET 2 @ 732.5
PLEASE ANALYSIS ON UR OWN AND INVEST ONCE AGAIN.
Infosys trading plan for next week (NSE Indian Market)If infy sustain above that trend line or previous day high zone then it will get a up thrust of 1st target 721.
INFYinfy at strong support on diagonal and horizontal support
wait for the proper breakout or breakdown
