Infy - Sustaining below 1100, the stock may move towards 1000 - 990 levels.
After a steep rise which I would consider it as Wave 3, the stock is now in Wave 4 correction which would take stock to the lower levels of 985-970 where buying should come and then again a new high can be seen for Wave 5 targets.
Intraday Cash Buy INFY @ 935.50 - 936.20 SL 927 TGT 953 Above VWAP, TK cross over, MACD crossover follwoed by good volume buy.
Good morning all, Of course, Infosys is a Good Investment stock for the long term but you also must know when to book the profit and when you can make a new entry to get the max profit. Harmonic PRZ in the weekly time frame and there are 80% chances to give the correction from this point. Investors and swing traders can book the profit at this point and can make...
NSE:INFY only take position once it breaks & closes on either side.
Infy closes above the 730 levels, that it had been resisting from past many weeks with a big Bull candle that opens near its low and closes near its high with huge volume. Higher high , high low Structure of the stock is maintained , hence any dip in the stock might get absorbed. There will be many who missed the move and would like to enter in the stock, but...
715- 730 turn out to be a solid resistance for the stock , stock is resisting this zone from past many weeks. I am not bearish on the stock , as long as it trading trading above 650 levels. So watch this zone , or set an alert to keep this stock on radar. Because breakout can trigger a good good rally in the stock.
Infy is currently trading at 721 levels, and has entered a weekly resistance zone of 720 -730 levels. The stock was not able to past through the zone from past 8 weeks. If the stock closes above this on weekly basis , which will open up new levels on the upside , and the immediate levels are 780 and 840 . Major support for the stock stands at 650 levels.
For me its a buy on dip stock for positional trading as long as its holding 650 levels on the downside. Stock has been facing resistance around 715-720 levels from past one month but is able to sustain 695 - 700 levels from past 10 sessions. Hence holding 690 levels can lead stock to 770+ levels on the upside. Trend of the stock is on upside on all time-frames...
INFY SHORT OPPORTUNITY IN COMMING DAYS. Green dot line down trend marked Red one temporary up move inside the green dotted channel.
Stock 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.
Thank you for your likes! Please share to benefit everyone! Much appreciated! ____________________________________________________________ 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...
Stock 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.