Infosys is looking for pull back level 1500, one can go short with key levels. All the key levels are mentioned in chart with Stop-loss and Targets Key Levels Macd in daily Macd in hourly Rsi in hourly DMI ADX Disclaimer I am not sebi registered analyst My studies are Educational purpose only Consult with your Financial advisor before trading or...
RSI : Over bought Volatility : Going down. Infy is probably loosing momentum and should test support in the range of 1400 - 1450 for a healthy upward moment of 1574 - 1620. If it goes up further, it can move till 1574 and then test 1500 as a support level.
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.