Infosys
BTST IN INFY ON CONDITIONAL BASIS JAN (FUT)BTST IN INFY ON CONDITIONAL BASIS
MUST CLOSE ABOVE 746.5 ON CLOSING BASIS
JAN FUT
BUY@747.5
STOP@737.5
TARGET@760
LOT:1200
QTY:1
Infosys [long] anticipating a push to 684Looks like good r/r for short term trade. On the higher time-frame it appears the price action could remain in consolidation. To me it appears that this trade would complete in the next 2 days.
Infy viewInfosys
CMP 659
The zone of 665-675 is an important level for Infosys.
Weakness will be confirmed once it closes below 644
Alternatively one may consider the following strategy for Infy
Consider selling Infosys 680 Call option for Jan series
Lot size 1200
CMP 21
Max profit potential ₹25200 per lot
The strategy will have an in built loss protection cover for a rise in stock price up to 701
Take care and safe trading...!!!
Infosys - Elliot Wave PerspectiveInfosys looks bearish as it has completed the impulse waves, and looks to start the correction wave. Take confirmation at 613 level. If broken on weekly basis, can be taken as a positional short, or can be removed from portfolio for the next year and a half.
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We teach, and practice what we teach, kindly consult your advisor before taking any positions.
POSITIONAL TRADE IN INFY DEC FUTPOSITIONAL TRADE IN INFY
DEC FUT
BUY@666.5
STOP@661.5
TARGET@686.6
LOT:1200
QTY:1
RRR=1:4
CONDITIONAL LONG TRADE IN INFY DEC FUTCONDITIONAL LONG TRADE IN INFY
WAIT FOR A CLOSE ABOVE 689
DEC FUT TRADE
BUY@690(ABOVE)
STOP@675
TARGET@720
LOT:1200
QTY:1
INFOSYS - Channel BreakoutInfosys has been in a channel for last 2 months.
It broke out of that channel yesterday and closed above it. A weekly closing above the channel may trigger a short covering rally towards 684 700 levels.
INFY - a perfect buy on dips stockINFY - a perfect buy on dips stock - Any dips towards 580-540 zone must be seen as a buying opportunity.
INFOSYS- Short term BO- 30min chartINFY
Next week, Result.
Immediate target :700-720
Support: 670
Infy broken the long term trading channel. If result isgood, it will catch up the old channel.
Other wise more down side expected below 670.
INFOSYS SHORTINFOSYS IS SELL FOR TARGETS OF 590-550.
REASONS:
1. IT IS AT A UPPER DIAGONAL OF A RISING WEDGE (BEARISH PATTERN).
2. 5TH WAVE OF DOMINANT WAVE IS COMPLETED. NOW CORRECTIVE WAVES WILL START.
STOPLOSS: "ABOVE SWING HIGH OR AS PER RISK BEARING CAPACITY"
What next for Infosys?Infosys has been in a rising channel for long time and has stalled the rally for now.
Stock is now sideways with the 748 being a resistance and 703 range is a support.
Where will it go?
OCT 16 earnings will decide the trend for Infosys and other tech stocks
InfosysSymmetrical Triangle: Waiting for either a breakout or breakdown either side, once done, 33 points movement expected.
Though I expect a breakout, taking the stock to 780 levels as in the weekly charts it has given a breakout in the channel.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
INFY Falling wedge formationWait for volume to break. Observe only volume indicator as momentum indicators does not work better in sideways price movements. Wait for breakout with good volume.
BTST IN INFY SEPT FUTBTST IN INFY
SEPTEMBER FUTURES
DOUBLE BOTTOM BREAKOUT CALLED PLAYED-OUT
PULLBACK PLAYED-OUT
NEW HIGH TAKEN-OUT
A CLASSIC UPTREND CHART
BUY@1440
STOP@1429.5
TARGET@1455
LOT:600
QTY:2
Is INFY getting ready for bear phase?Looks like INFY is getting ready for the bear phase. Also the new of CFO resignation came at the right time.
Sell Infosys Limited Sell Infosys Limited
parallel channel top so possible Come Down
This Month Maximum Up Side Possible 1440
