at resistance ,sell only below 796
NSE:INFY risky trater buy between 710 705 SL 690 T 720 735 760 Short below 695 SL 710 T 680 665
On a 4h chart infy following a descending pattern. With overbought RSI correction seems likely. Please share feedback generously. Thanks for viewing.
Sell below red line with the targets ....blue lines
so this quick comparison gives enough reasons not to trust a tractor company with IT biz and services. Comparing tops from 07 till date. Infy 600+ % points Tcs 900+ % points TechM ~ 60% Comments are most welcome.
We can all agree that Wipro is a fundamentally weak stock in all of frontline Tech stocks. Stock has been moving up following the trend line during corrections making newer highs everytime it corrects. That seems to have paused at 330 which is also a big resistance zone which was also the highs made before 2000 tech bubble burst. Stock may retest the trend line...
i will look for long side and will definitely try to go long and instead of shorts ,for this month ....
I see some sort of correction in it sector to balance the one way rally ... but the correction will again get over soon looking at the earning season into picture as well as the usd inr depriciation will generate better revenue story for these stocks like tcs infy etc
infy given a signal to go long on friday after a consolidation now its trying to reach again to its class ! or i must say CLASS APART!