Still, Not given a break but i personally am on bearish side, Reasons?
1. A strong triangle pattern
2. A Huge Gap
3. It has been on all time high Record
This is my personal view and lets hope for the best!!
By posting one of the biggest monthly gain - which resulted in stock making new lifetime high - the bulls have made their intent very clear. Nevertheless, the stock has been consolidating since the beginning of the month. Since the major trend is bullish and ₹950 levels is a good support, the stock is highly likely to bounce strongly.
Share of infosys is trading in the channel for past few days. Either Bo or BD of the channel can provide good results. Wait for the complete BO or BD before entry. No doubt stock is in uptrend minor pull back is expected from here . let's wait and watch in the upcoming session. So add the stock in your watch lsit to see the price action movement of the...
This week has been a profit booking week. Overall trend - positive and bullish. This is more like retracement and consolidation move, wait for breakout and see the price again to a new 52 week high. Constantly taking support of 50 day ema so keep an eye on it as dynamic support and resistance.
Infy defended successfully 960 level for last two seasons. But it will continue? Last season profit booking seen in infy, Profit booking can be continue to this counter! It's looks like, 970 is tough to break and sustain above this level and support near 936. If one more time infy break 960, it can fall very quickly.
A gap down possible on Monday!
Disclaimer:- ...
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only
Thank You
I hope you can now see how the INFY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Infy has made a FC bar on day before yesterday which will be confirmed by Monday's candle if it doesn't break FC 's high. Black line shows the slope of trend which was verified to the past support and resistance. FC bar shows the short squeeze (SLBM ) has happened along with equity transferred from strong hands to weak hands at higher level. Consider the closing...
NSE:INFY
Infosys will declare its result tomorrow. Currently Infosys is around the strong resistance region marked in the chart.This is a very strong resistance as it was formed a long time ago.Even with Nifty fall today Infosys hasn't fallen much due to speculation around the result. Even after factoring the decline due to ongoing crisis Infosys has been able...
Note: This is for educational purpose only.
After wedge pattern breakout in nifty, seems pullback is done. Hammer candle stick pattern on resistance turned support formed. If price closes above high of the hammer, there might be a confirmation of uptrend.
Note: This is for educational purpose only.
There seems to be a bullish wedge pattern breakout with spike in volume. RSI above 60 is additional point to support this breakout.
Note: This is for educational purpose only.
There seems to be a wedge pattern breakout with formation of bullish engulfing candlestick pattern. Moreover, there is a spike in volume and RSI is above 50 which indicates bullish momentum.
