Key Levels for INFOSYS are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~641.80
First Target~646
Interim Resistance~650.70
Final Resistance~656.40
**Lower Levels**
Lower Breakout~632
First Target~628.60
Interim Support~624.75
Final Support~620.30
Please trade with caution and consult your financial adviser before trading. You can also join...
MINDTREE: On 18th July the gap down seems to be a exhaustion gap. Post gap the price did not fall aggressively down, prices started to create higher lows. The RSI has moved into neutral zones from bearish zone. There are early indications of bottoming out in the stock. Holding above 707 will be a good sign of support.
Near the high with corporate governance issues bring the giant at yearly lows.
On technical front
Infy may be testing @₹600-620 levels
Before any rebounds
Resistance@690 levels
Applicable below@660 close
Be cautious
Key Levels for INFOSYS are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~774
First Target~778.50
Interim Resistance~783.50
Final Resistance~788.40
**Lower Levels**
Lower Breakout/GAP Down Level~762<>758.70
First Target~754.40
Interim Support~747.50
Final Support~738.75
Gap Zone~731<>729
Please trade with caution and consult your financial...
TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
Risk Reward 8 to 12 times.
Haribol !,
Had Bought the stock yesterday( Infy Long) as per the linked idea below.
Now moving stop loss at break even( Buying price of 815.70)
Even if it comes down i don't loose anything, but if it goes up i make some money.
Always respect the unpredictability of the markets and take the profits when they come.
Always keep your trading professional
Good Luck
NSE:CNXIT
As per 5 Year chart View, Nifty IT is overbought @ 16739 (Levels Mentioned in Chart). But there are some chances that it could go to Range: 2 @ 18024. Downside Range will be @ 13780. I expect it will consolidate in these mentioned range. It shows us TCS, INFOSYS and some more IT stocks will be in consolidation. Ranges for stocks will be updated in next...
Infosys has broken out of a long consolidation range and further we could look at a trendline resistance cracked. Daily candles have been solid for past couple of days. Noticeably, breakout candle had massive volume. These factors advocate strong bullish bias. Potential magnitude of upward movement can be derived from the depth of the consolidation which suggests...
Double Top pattern spotted in Infy. Pattern is confirmed as price has fallen below the neck level. Thus the stock can be expected to fall to 720.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk...
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