INFY
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
Infosys - BreakoutInfosys went above its previous resistance of 744.
Buy at 745 Stoploss 732 Target 780
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)
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
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
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.
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
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.
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
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.
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
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
infy chart structure and levelsinfy given a signal to go long on friday after a consolidation now its trying to reach again to its class ! or i must say CLASS APART!
Infy Sell Opportunity Guys INFY Sell opportunity to keep watch if the break up sell higher high or break down sell Tp mentioned in charts
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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