On Daily Chart, Infosys is going to touch again 1500 level in the coming weeks. The last time when it breaks resistance at 1315 makes a high 1476 which is more than 150 points. If my study right then in the coming week is going to touch a new high. Moreover, It is near to support level so buy near to 1360 to 1375.
For Long-term Target of 1550 with no stop loss for...
*NSE Cash study
Infy did try very hard to cross the 20 day EMA yesterday and did too but couldn't hold. Nearing the end of the day, IT stocks took a beating and so did the market.
Now, looking at the charts today, RSI held above 50 and so did the trend on the daily charts. I see a strong support at 1290 levels so we can go long with a stop-loss below 1290 for...
Shooting Star On Monthly Time Frame.
Best Selling Zone 1330-1340, Strict SL - 1400 (Monthly Closing Basis)
If Infosys Breaks & Close Above 1400 Level On Weekly Time Frame In 1st Or 2nd Week Of This Month Than Maintain SL On Weekly Closing Basis.
If Infosys Breaks & Close Above 1400 Level On Weekly Time Frame In 3rd Week Of This Month Than Maintain SL On Monthly...
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.
Volume BUST Out .
Price Taking Support On Trend Line .
Closing Above 696 Can Be A Sign to enter on a swing .
Hammer Pattern Followed By a doji showing indecisiveness of buyers and sellers .
Closing Above 696 Will show buyers take over the charge On Sellers . And it Validate the volume bust .
one can look for opportunities to go long above 696 with a sl of...