ParamjitMahapatro
Long

Infosys looks bullish in medium to long term.

NSE:INFY   INFOSYS LTD
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.
snapshot
Trade active: going good, till now 930.85
Trade active: in daily, it is moving in a symetric triangle , breakout direction will determine the future move.
snapshot
Trade active: upward breakout here, uptrend should start soon here,
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Trade active: price able to close above upper BB and bb is slowly turning from sideways to upward direction, initial sign of bullishness.
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Trade active: price is moving up as expected , followup chart for reference,
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Comment: moving up as expected, till now 1022.90 price brokeout of descending channel resistance
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Trade active: in daily, price is sustaining above 20 ma, and BB is moving up ,
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Comment: moving up as expected , today closed at 1039.35, total 13% gain till now.
Trade active: price is at horizontal resistance zone, it may correct for some days, but over-ally it is bullish.
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Trade active: hidden bullish divergence seen in daily
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Trade active: till now 1173, cheers.
That was a fantastic analysis!
Reply
@tRex88, thanks a lot
Reply
Can you provide a new update on Infosys
Reply
@Madhavrox, plz check
Reply
Madhavrox ParamjitMahapatro
@ParamjitMahapatro, Result Tomorrow!
Reply
Madhavrox Madhavrox
@Madhavrox, Also for RSI what is a good time frame to check it with , daily/weekly/monthly? Also any good signals you think about RSI.
Reply
@Madhavrox, I use RSI only to spot any divergence, depending on my trading style, I mostly use daily and weekly time frame to use RSI.
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