Double Bottom has been formed on daily charts of Infosys hinting a bullish trend in coming days. Weekly trend is also UP. But in short term, a bearish divergence is formed which can lead to a small correction/sideways movement in coming days and then it may continue it's long term bullish trend. Buy is suggested post correction.
for educational purpose only - infosys has made a big move without volume making a deceptive move. So sell it below 1015 with sl of 1241 to tgt of 985, 970.
Infosys is in a bullish area for the first time since 9 months. All buy setups are valid above 1011.
INFOSYS FORMED A DOUBLE TOP AND FORMED A CONGESTION PATTERN. The Stock struggled to break the previous pivot and ready to test the pivot again. The volume has decreased and is more evident from weekly charts. The last bottom was to be squared on march 3.
for educational purpose- infy is trying to explode to reach 1130 buy it above 1030 with sl 1005.
Hi Guys NSE:INFY broke a critical trend line in hourly chart wait for it to break the second trend line after probably a small retrace, rest the chart will say Regards Bibin
INFY formed a double bottom on daily chart and RSI suggests that the recent bottom only got stronger. The bottom was also squared only suggesting that some up move is around People stay upward bias once the stock breaks 952 res zone.
CMP - 942.65 Infy has formed a pinbar on a strong weekly support . Also, you can say it's a double bottom on recent data. I have drawn the various levels you should be aware of. Everything is there on chart. You can trade accordingly with your strategy. Thanks. I'll update the idea whenever I'm watching it. If you have any doubts, opinion or...
On the INFY Chart, Price have broken out the cloud; while Tenken and Kijun do not provide any clue on the trend or momentum. Looking at the chart, reading it along with Chikou (still negative); we can be in for a set of mixed bag of results for INFY tomorrow morning. It's better to avoid any position for this quarterly result.
Symmetric Triangle on Infy and either way to go. Note : Please trade with cautions, due to result. Make or Break Levels to Make: Level 1 - 1028 Level 2 - 1052 Levels to Break: Level 1 - 945 Level 2 - 925 "Happy Trading"
As you can see, these are the areas, NSE:INFY has been trading in. I expect a downfall regarding the concerns related to US and upcoming earnings which might be weak. Here's my view on the chart.
Infosys has made breakout, it is looking strong to go upward with a target of 1st resistance around 1063 in near term. traders may enter long in INFY upto 1063.
Symmetric Triangle on INFY and will break either side. Trade: Long: Buy above - 1006 Target - 1016 Stop Loss - 996 Reward Points - 10 Risk Points - 10 Short: Short below - 1002 Target - 992 Stop Loss - 1012 Reward Points - 10 Risk Points - 10
SMALL CORRECTION AND BULL RUN AHEAD. IF YOU NOT INFY AT 1280 THAN SEE NOW 900+ REASON DON'T MIND
Ascending Triangle formation on Infy and showing bullish trend. EMA 50 on EOD at this level so once broken then price will hit the target. Trade: Buy above - 989 Target 1 - 999 Target 2 - 1009 Stop Loss - 973 Reward Points - 20 Risk Points - 16
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...
Infosys Ltd. after breaking uptrend at 1175.00 it has been trading in down trend channel, it is technically looking weak and may see further down side as it has broken long term support also. Trade may go further short in infy with a target of between 840-800 in near term.
Wait for the breakout to the downside before shorting. Don't miss the dip to buy as well.. Great stock to keep in portfolio. It will not go straight away to break the top, but that's the cheapest you might get 'infy'