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Infosys

Nifty IT Sector is OverBought ??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 charts. Stay tuned for more updates :) This chart is for analysis purpose. Think, Research and analyse before taking any decision.
NSE:CNXIT
by Market_Psychiatrist
Infy | Breaks out of ConsolidationInfosys 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 a 72 pts move towards north i.e. to 844. Though the stock will most likely hit 840 region, it will not be without minor corrections. Even round number 800 could be a point of such a pull back. Hence longs are advised to have trailing stop loss. If trailing stops are hit, further longs can be initiated if the previous highs are broken in lower time frames, say Hourly or 4 Hour chart. (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 and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:INFYLong
by AkhilSuryaFS
INFOSYS | Double Top patternDouble 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 and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:INFY
by AkhilSuryaFS
2
INFOSYS - SHORTINFOSYS has made descending triangle,indicating further down side movement. Entry : 706 - 707.5 Range,Enter only if sustains below range Stoploss : 1% Basic Target: 695 Idea by MALKIAT SINGH if you have any queries regarding above idea or any other stock feel free to D'M & Do Visit us : Click Here We have curated some of the best articles for Traders Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NSE:INFYShort
by TruStox