INFY trade ideas
Infosys- Downtrend or BreakoutInfosys- Chances for downtrend this week or else breakout for new high
INFOSYS may plunge in coming days???Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count or update. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers.
This is a educational post only...my ambition is to create a awareness to the traders who lose the money and treating like a gambling...this is a pure business and not only buy and sell apart from that we have to fine tune ourselves in various part of trading...cheers once again.
Infosys - Trading in the BoxInfosys - Another stock (Kotak), trading in the box range... 770 to 800... Trade the box, till it breaks on either side.
Infy - Big Directional Move Imminent - Direction UnknownInfy seems to be stuck in a tight range between 760-800 since the past five weeks since posting results and having a gap up on July15. A directional short term move imminent out of this range. While a breakdown below 760 could give downside targets around 720 - 680 where support exists. A breakout above 800 could indicate fresh lifetime highs.
Infy - a strong long set upThough IT Index is under some pressure infy is not letting up go... all ichimoku long set up intact... on weekly it has also formed an inside bar... 800 needs to be crossed ... fingers crossed..
Infosys - Go LongHas a strong + trend and momentum is in control, bullish if this breaks and sustains 790+ mark
Infosys Stock Analysis - Good Buy Signals - LongOn Monthly view stock has been bullish making higher highs and highers low and dame can be seen in Weekly view as well and add on to that we can see that stock is getting consolidated from beginning of 2019 with + break starting from mid of July. With daily chart we can clear see the break over and pennant formation confirming the trend continuation. If this weeks close got holds above ~790 means definition we could see a gain in moment and strong bullish. Do remember in the current week market this stock remained solid making consolidation.
Sorry guys mic recording was sober had to remove it.
INFYINFY
Triangle formtion - NEED TO WAIT FOR BREAKOUT.
Simple ABCD Formation and then FIbo levels plotted show retracement from uptrend at point D is also coinciding with Fibo level of 100%
if momentum continues in coming days and gives breakout then possible target achievement.
NSE INFY trading setupInfosys is exactly at resistance of ascending channel. Looks like it may test 770 followed 756.
A FLAG FORMATION IN INFY FLAG FORMATION IN INFY WE CAN SEE A COMING BREAKOUT IN 1-2 WEEKS
TARGET - 800+
Infosys outlook is strong after earningsOn Friday, Infosys leaped higher after reporting earnings and raising its guidance for the year. Today the stock continued its rise. Even after this big move up, the firm is still rated "undervalued" by S&P Capital IQ. I think Infosys will remain strong for the next few months.
Round bottom formation in INFYRound bottom formed in INFY and increasing volume in upswing. So may breakout on upside. Refer the chart.
INFY- intradayDouble inside bar.
Buy on break of previous day high (737.1)
Previous day low SL (728.9)
one can go short 728 is decisively broken.
#INFYINFOSYS LTD
Sector: Technology
Industry: IT Services & Consulting
Employees: 228123
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation. Its segments are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH).
