Kinnari_Prajapati

INFY, price overlapping seen in it.

NSE:INFY   INFOSYS LTD
Our last research was INFY achieved the target, click here.

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Closely analyzed about price overlap. Buying really good as per last overlapped and close with higher of closed from a prior high of the candle. Its indicate that you may see a spike on it which mean big move in price.

I don't recommend to buy below 728.
If you are buying this stock, then exit at your suitable price for profit.

Term of Overlapping: Buyers are fearing to take a long position, that why we see price overlapping with low volume . any side breakout in the price possible big because fear will go.
Comment: A negative point, Control Price can push the price down.
Comment: INFY target updated 757.5 to 758.5
INFY I have done for you...!
Trade closed: target reached

Comments

here is what i had..
+4 Reply
Mam, as far as I have understood the present pattern (last three candles) are indicating weakness. Tail and lower lows . . . . Could you please share your opinion. I am still holding my short position, that was taken at 775/- Can I look forward to cover it in some profit.
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I earned good money from your this research. its perfect.
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Thanks for liking always and all of my posts, @akashbothra and more thing is a nice picture of Amirkhan.
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Your illustration of excess(c) and excess(d) is quite informative.
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@bgmungekar, There has been a little mistake in giving the name of excesses in the chart. Let me correct in easy way, from left side to right on the chart, excess (a) at value, (b) in value high, (c) at value low, excess (d) should be at value high instead of (c), (e) should at excess, (f), and last missed at (g) at value low.
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bgmungekar Kinnari_Prajapati
@Kinnari_Prajapati, Got it, I must say your chart illustration is thoroughly professional. keep up the good work.
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@bgmungekar, Yes, it only looks like a pro. but the fact is that I am only a trader.
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@bgmungekar, I am trying apply as much as effort to easy for understadble for traders and viewers. Thank you very much for comment.
+2 Reply
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