ShortINFY
Short
Wipro - Weaker of the whole Tech packWe can all agree that Wipro is a fundamentally weak stock in all of frontline Tech stocks.
Stock has been moving up following the trend line during corrections making newer highs everytime it corrects. That seems to have paused at 330 which is also a big resistance zone which was also the highs made before 2000 tech bubble burst.
Stock may retest the trend line again but will it survive this correction? Only time will tell...
Education
MyAlgo : xMRSI-Progresser: Intraday : 11Oct-INFY-ShortBased on my xMRSI-Progresser predictive trading methodologies, its going to be a RED candle on 11-Oct-2018 for INFY
Sell Below(5Min candle close): 698.7 for targets -
T1: 693.5
T2: 690.3
T3: 687
SL: 704.3
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Short
MONTHLY NIFTY LEVELS october series i will look for long side and will definitely try to go long and instead of shorts ,for this month ....
Education
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"
Short
Short
TECHM october series importanr levels I see some sort of correction in it sector to balance the one way rally ... but the correction will again get over soon looking at the earning season into picture as well as the usd inr depriciation will generate better revenue story for these stocks like tcs infy etc
Education
Infosys - BreakoutInfosys went above its previous resistance of 744.
Buy at 745 Stoploss 732 Target 780
Long
Long
Infosysy - Trendline BreakdownInfosys has been in a channel for a long time and has been making higher highs.
That trend has been violated after the last correction and now its attempting a retest.
Now is a time to sell and see if this a beginning of a new downtrend.
Sell Infys at 728 730 levels with a closing Stoploss above 742
Targets are 702 692 680 (Positional)
Short
InofsysInfy can test 717 and 712. Cmp 731 Sl 735.
Selling near resistance. if stock trades abv 732 and close on 1 hour chart. Setup is invalid
Short
Long
InfosysIny - Can test 708 below 719.Buy abv 721 for 733.
We have some news on payment to CFO.so be cautious.
Rally over for Infosys?Stock has been following the range bound uptrend which seems to be stalling at 745 750 levels.
Given the sharp recovery in rupee IT stocks may see selling pressure at higher levels.
Sell below 737 Stoploss 747 target 721
Short
Tech stocks may be in for another rallyApplied Fibonacci levels to IT index.
Index seems to be closing above it short term resistance oh 16086 level. A strong breakout above previous highs of 16130 will be a buying opportunity in Tech stocks like Techm Infy TCS Wipro Mindtree which have been strong.
Weaker rupee may be a trigger. But one should wait for a breakout and not hurry since they have rallied a lot this year.
Long
TCS - Uptrend stalling?As you can see stocks has bee following the trend line and broken below recently.
It tried to pullback and failed despite weaker rupee.
And it is also creating a bearish head and Shoulder pattern at top which suggest and trend change which may be short term.
Sell below 2066 with stoploss of 2085 Target 2025
Short
Mindtree at crucial levelApplied Fibonacci retracement to Mindtree. Stock seems to be following these levels.
Mindtree gave a breakout at 1100 levels a week ago. Given the trend stock could rally further to 1189 and 1214 levels.
Buy with a tight stoploss of 1150 and expect 1189 on Mindtree.
MLong
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
Long
INFY Lifetime_Channel BreakoutINFY is moving in a channel all its life. After an almost Perfect Green Leg up, its testing the upper edge of the channel. Awaiting a Breakout/Reversal. Mind you its Monthly Time Frame.
On the side note, it has avg 2 year per leg up. BUt the last leg covered it in one year only.
Short
INFY SWING TRADE IN AUG (FUT)INFY SWING TRADE
AUGUST FUTURES
DOUBLE BOTTOM BREAKOUT
BUY@1407
STOP@1398.5
TARGET@1425
LOT:600
QTY:2
Long
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.
Short