AbhishekHSinghCMT
Long

INFY- Neckline The Saviour@1010 (Early Signs of Reversal)

NSE:INFY   INFOSYS LTD
150 views
3
Trading@1049

Isn't that amazing & exciting that Infy turns from 1010 which was updated as a good support zone on 19th Sep2016 update shown below

Its an early sign of reversal & we need watch for support zones 1040-1045 & 1020-1025 if holds & pushes up, then likely that will be the 2nd clue that INFY wants to fly in the open sky. We already had our 1st clue as 1010 reversals.

CNX IT is almost at corner to turn up again will that take IT stocks up-up & away- well time will let us know.

Trade active: 07:04 Hrs 24th Nov2016

Last Price@920

Once the zone of 1010-1011 was broken -Infy melted or went sharp downside to 901.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

techm chart is interesting too..
Reply
Let me check- I will revert back, but IT stocks look good at a turbulent time for Index.
- People don't realize we are heading for trouble in Index -It will bounce close to 8900 levels & if fails this time, then it will be the warning bell for the markets. Let us come back in in early june JUly 2017 to pick some stocks & sit with the cash.
Reply
mragarwal AbhishekHSinghCMT
yeah..8900 levels is the area that needs to be watched carefully.. But wont sit with cash :) . gold/Silver charts are ripening for longs, after a bit more confirmation. :)
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Gold & silver is good -Infact I had an update on Gold to turn from the zone of 1235-1240 zone going above 1260 is good clue for 1377$ + target in coming days
Reply
Macky999 AbhishekHSinghCMT
Dear Abishek, should Ishort at current level or wait?
Reply
Any short trade will only be good if you get daily close below 1000-1010 zone else trading Infosys on result day- It's a bad experience for me for last 2-3 years -I seriously don't understand why it becomes so volatile on that day. Bull & bears both are killed.
Reply
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