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Infosys looks bullish in medium to long term.
INFOSYS LTD
Long
Infosys looks bullish in medium to long term.
By ParamjitMahapatro
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Updated
Aug 30, 2017
7
8
8
Aug 25, 2017
In monthly,
It is at ascending channel support. So it is expected to reverse and go up towards the channel resistance.
sl - 850 tgt1 - 1250 tgt2 - 1340.
In weekly,
hammer formed at channel support it can easily bounce to touch the channel resistance @ 1010.
Aug 30, 2017
Trade active
going good, till now 930.85
Sep 29, 2017
Trade active
in daily, it is moving in a symetric triangle , breakout direction will determine the future move.
Oct 8, 2017
Trade active
upward breakout here, uptrend should start soon here,
Oct 11, 2017
Trade active
price able to close above upper BB and bb is slowly turning from sideways to upward direction, initial sign of bullishness.
Oct 28, 2017
Trade active
price is moving up as expected , followup chart for reference,
Dec 16, 2017
Note
moving up as expected, till now 1022.90 price brokeout of descending channel resistance
Dec 16, 2017
Trade active
in daily, price is sustaining above 20 ma, and BB is moving up ,
Dec 22, 2017
Note
moving up as expected , today closed at 1039.35, total 13% gain till now.
Jan 6, 2018
Trade active
price is at horizontal resistance zone, it may correct for some days, but over-ally it is bullish.
Jan 10, 2018
Trade active
hidden bullish divergence seen in daily
Jan 25, 2018
Trade active
till now 1173, cheers.
Apr 22, 2018
Note
cmp - 1178, currently it is moving in horizontal channel in daily
look for breakout.
Aug 7, 2018
Trade closed: target reached
total 52 % gain, finally 2nd target got achieved here, cheers...
Bullish Patterns
Chart Patterns
support
Trend Analysis
uptrend
ParamjitMahapatro
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