DSKF16

Stock to WATCH - INFOSYS: IS STRUGGLING to Get DIRECTION ?

NSE:INFY   INFOSYS LTD
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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


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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Comment: Comparative Chart: INFOSYS, USD-INR ($), EURO-INR
Comment: Broken RESISTANCE Zone(mentioned Triple TOP) @ 965.85 to @ 969.65
LTP: @ 975.85 (at 11 AM 12/07/2017)
Comment: Treat (Triple TOP Zone) @ 965.85 to @ 969.65 as SUPPORT.
Trade closed: target reached: Notice Mentioned Target Arrow (red dotted) @ 106
Friday made High @ 106.85
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