Get started

INFY

Nifty ITIT industry has been in a bearish tone forming lower high - lower low since Q2-2015. The industry is under pressure with margins and visas followed by blow of Rupee appreciation. For short term, 9,880-9,900 stands to be crucial support. The reverse Bullish AB=CD around 9,900 at rising trend line indicates reversal on cards. As per time analysis, the previous rise and fall took 55 trading days and if go by "history repeats itself", the reversal can take place on 25th April (+/- 2 trading days). RSI is back in an oversold territory. TCS will be releasing results today which has weight age of ~45% in IT index will be important to watch. The above view on IT index will negate on a close below 9,800.
NSE:CNXITLong
by bbrijesh
2
INFOSYS - Important RangeIn this chart you can see that how fond is Infosys of the given range 1020-1040. I have marked with rectangles on what happened. You can observe that it is a decisive range and price has always ( except for 1 consolidation ) followed the breakout direction in the following days. The intensity of this range can also be felt by the multiple gaps and consolidation happening in it. I think this info will help you in your trades in this stock. Many different strategies can be created based on this. Regards. Cheers !!
NSE:INFY
by dravya
2
TCS Downward WAVE 5 in progress (Swing Trade Setup)It is been observed on daily and weekly chart that the price action making lower highs and lower lows indicated a downward trend. Now, It is also been observed that the price action completed Wave 4 and now it is in progress of Wave 5 in the prevailing downward trend. For last two trading session, it is been bearish when Marked acted positive. I believe sellers are in control and it may further dip down. Regards Target1: 2205 (RR- 1:1) Target 2: 2100 (RR- 1:3) Target 3: 2000 (RR- 1:5) Stoploss: 2350
BSE:TCSShort
by NeeteshJain
11
Infosys - The Big Short (Seller Wins)It is been observed that the price action is consolidating in between 1060-1010 levels for past 55 days on a daily chart. It is 11 weeks and almost 3 months. This is called a Big consolidation and price war between buyers and sellers. Now, the price action got that big breakout from the consolidation as it closes below strong support level of 1010. Therefore, it is indicating that sellers victory over buyers and now the price action shall move further down and continue it downtrending pattern. It is a great opportunity to initiate, Target: 985, 955, 935 Stoploss: 1050
BSE:INFYShort
by NeeteshJain
1