INFY
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.
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INFY, price overlapping seen in it.Our last research was INFY achieved the target, click here .
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Closely analyzed about price overlap . Buying really good as per last overlapped and close with higher of closed from a prior high of the candle. Its indicate that you may see a spike on it which mean big move in price.
I don't recommend to buy below 728 .
If you are buying this stock, then exit at your suitable price for profit .
Term of Overlapping: Buyers are fearing to take a long position, that why we see price overlapping with low volume. any side breakout in the price possible big because fear will go.
plotted breakdown method on INFY with control price gravitating.Control Price always gravitate value such as 1,2,3,4,5 and 6. We have seen two tails on the right side of the chart at the Value Low area. Gravitation has two to attract the price are plotted in the move(i) and move(ii).
The best value to buy this stock at 710(outside of value low) and 716 for targets 735 and 741.
Infy channel breakdown trade potentialINFY
CMP 733
The stock has broken down from the channel trade after it announced it's quarterly result.
The stock is looking weak and may come down to 680-668 zone
Consider selling in the zone of 733-742 &
Keep SL if closing above 745
Take care & safe trading...!!!
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
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