1.After a sharp fall from 832 levels nifty has tested the 754 levels. 2.after a pullback at 61.8% levels again downside is possible 3.price has resistance of 200 EMA at 800 levels 4.Price has resistance of horizontal line at 800 levels. 5.Risk Reward is more than 1:2.5 Sell at 795-800 levels Stoploss 821 Target 750-730
Infosys after multiple attempts to cross 800 today crashed more than 3% and broke the support of 775 and closed below. Chart suggest that INFY next target is 755 from CMP with a SL of 776 on closing basis.
Infy bearish Butterfly Short near 796 800 SL 810 T 785 770 750
Infosys has broken out of a long consolidation range and further we could look at a trendline resistance cracked. Daily candles have been solid for past couple of days. Noticeably, breakout candle had massive volume. These factors advocate strong bullish bias. Potential magnitude of upward movement can be derived from the depth of the consolidation which suggests...
Double Top pattern spotted in Infy. Pattern is confirmed as price has fallen below the neck level. Thus the stock can be expected to fall to 720. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk...
INFY complete AB=CD pattern Expect Target 714 & 643
Infy Dividend Effect Keep watch... Do not enter before confirmation and also consider global factor MUST watch RETEST In dividend Effect break the support line so wait retest