INFOSYS 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"
Sell HCLTECH below 1084 Target 1067 Stoploss 1092
Infosys went above its previous resistance of 744. Buy at 745 Stoploss 732 Target 780
BUy TCS at 2205 Stoploss 2186 Target 2274
Infosys 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)
Infy 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
Buy TCS at 2110 Stoploss 2086 Target 2155
Iny - Can test 708 below 719.Buy abv 721 for 733. We have some news on payment to CFO.so be cautious.
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
Applied 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...
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
Applied 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.
Wait 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 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 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 AUGUST FUTURES DOUBLE BOTTOM BREAKOUT BUY@1407 STOP@1398.5 TARGET@1425 LOT:600 QTY:2
Looks like INFY is getting ready for the bear phase. Also the new of CFO resignation came at the right time.