Stock to WATCH - INFOSYS: IS STRUGGLING to Get DIRECTION ?
Updated
INFOSYS: IS STRUGGLING to Get DIRECTION ?
Is waiting for Q1 Result?
How to manage Rupee Appreciation is KEY Challenge for Mgmt.
Revenue may be in Pressure, Due to Major Earnings from USA.
KEY Factor is USD/INR & EUR/INR
USD: Trading Range in Q1
High - 65.175, LOW - 63.92
Compare to Q4
High - 68.645, LOW - 64.79
So, Cross Currency MATTERS.
WHEN THERE IS NO CONFIRM PATTERN
Fibonacci WORKS:
Here is Some Fibonacci:
C = FIB R 0.886 of AB
D = FIB R 0.671 of BC & FIB Ext 0.618 of ABC
E = FIB R 0.886 of CD & FIB Ext 0.59 of BCD
F = FIB R 0.618 of DE, FIB R 0.34 of CD & FIB Ext 0.236 of BCD
Extreme SUPPORT (REVERSAL Zone, Can say Last Line of Defence for BULLS):
#1. @ 898.50 FIB R 1.13 of AB & FIB R 1.272 of EF
#2. @ 885.70 FIB R 1.272 of AB & FIB R 1.414 of EF
Triple TOP (Intermediate RESISTANCE.) / Break-OUT Zone: @ 965.85 to @ 969.65
Double Bottom (SUPPORT Zone) / Break-Down Zone: @ 923 to @ 916
Some levels are in Description & Chart.
Intraday / Positional CASH & Fut. Levels will be Updated Later.
Scenario #2: Bearish GARTLEY IF in Bull's Control
Scenario #1: Bearish SHARK, IF in Bear Control
If you think this post enrich your knowledge and would help you in trading,
Please don't forget to Hit / Click Like button.
Your likes are the only motivation to post better ideas in future.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Is waiting for Q1 Result?
How to manage Rupee Appreciation is KEY Challenge for Mgmt.
Revenue may be in Pressure, Due to Major Earnings from USA.
KEY Factor is USD/INR & EUR/INR
USD: Trading Range in Q1
High - 65.175, LOW - 63.92
Compare to Q4
High - 68.645, LOW - 64.79
So, Cross Currency MATTERS.
WHEN THERE IS NO CONFIRM PATTERN
Fibonacci WORKS:
Here is Some Fibonacci:
C = FIB R 0.886 of AB
D = FIB R 0.671 of BC & FIB Ext 0.618 of ABC
E = FIB R 0.886 of CD & FIB Ext 0.59 of BCD
F = FIB R 0.618 of DE, FIB R 0.34 of CD & FIB Ext 0.236 of BCD
Extreme SUPPORT (REVERSAL Zone, Can say Last Line of Defence for BULLS):
#1. @ 898.50 FIB R 1.13 of AB & FIB R 1.272 of EF
#2. @ 885.70 FIB R 1.272 of AB & FIB R 1.414 of EF
Triple TOP (Intermediate RESISTANCE.) / Break-OUT Zone: @ 965.85 to @ 969.65
Double Bottom (SUPPORT Zone) / Break-Down Zone: @ 923 to @ 916
Some levels are in Description & Chart.
Intraday / Positional CASH & Fut. Levels will be Updated Later.
Scenario #2: Bearish GARTLEY IF in Bull's Control
Scenario #1: Bearish SHARK, IF in Bear Control
If you think this post enrich your knowledge and would help you in trading,
Please don't forget to Hit / Click Like button.
Your likes are the only motivation to post better ideas in future.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Note
Comparative Chart: INFOSYS, USD-INR ($), EURO-INRNote
Broken RESISTANCE Zone(mentioned Triple TOP) @ 965.85 to @ 969.65LTP: @ 975.85 (at 11 AM 12/07/2017)
Note
Treat (Triple TOP Zone) @ 965.85 to @ 969.65 as SUPPORT.Trade closed: target reached
Notice Mentioned Target Arrow (red dotted) @ 106Friday made High @ 106.85
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