By posting one of the biggest monthly gain - which resulted in stock making new lifetime high - the bulls have made their intent very clear. Nevertheless, the stock has been consolidating since the beginning of the month. Since the major trend is bullish and ₹950 levels is a good support, the stock is highly likely to bounce strongly.
This week has been a profit booking week. Overall trend - positive and bullish. This is more like retracement and consolidation move, wait for breakout and see the price again to a new 52 week high. Constantly taking support of 50 day ema so keep an eye on it as dynamic support and resistance.
Infy defended successfully 960 level for last two seasons. But it will continue? Last season profit booking seen in infy, Profit booking can be continue to this counter! It's looks like, 970 is tough to break and sustain above this level and support near 936. If one more time infy break 960, it can fall very quickly.
A gap down possible on Monday!
Disclaimer:- ...
I hope you can now see how INFY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . U+1F60D
Disclaimer: It should not be assumed...
I hope you can now see how INFY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
I hope you can now see how INFY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
I hope you can now see how the INFY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
I hope you can now see how the INFY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...
Is it compulsory to that stock should fill the gap after a huge gap up?
Is it compulsory to take a short trade in any stock which is showing strong momentum on the upside?
As per my analysis it's very difficult to get the follow through in short trade if it will trading above 890. Sustain below 890 it my test it's next demand zones on the downside.
912-922 is...
NSE:INFY
Infosys will declare its result tomorrow. Currently Infosys is around the strong resistance region marked in the chart.This is a very strong resistance as it was formed a long time ago.Even with Nifty fall today Infosys hasn't fallen much due to speculation around the result. Even after factoring the decline due to ongoing crisis Infosys has been able...
The separation between the two trend-lines needs to be wide enough if you want to trade inside the Price Channel Pattern.
If this is the case, you can buy at the channel support level and sell at the channel resistance level.
This is a more powerful and fair way to gauge what the price is doing.
This is because you’re looking to determine upwards and downwards...
INFY SHOWING ONE OF THE RAREST PATTERN CALLED THE "ABANDONED BABY"
BROKEN OUT OF AN INSIDE BAR ON WEEKLY CHART
POSITIONAL TRADE IN INFY
BUY@750
STOP@725
TARGET-1@780
TARGET-2@795
Note: This is for educational purpose only.
There seems to be a wedge pattern breakout with formation of bullish engulfing candlestick pattern. Moreover, there is a spike in volume and RSI is above 50 which indicates bullish momentum.
Hello,
Infy is crossing its supply zone and trading @ 724...If it will manage to sustain above 715 then it may test it's next supply zones.
Please find the Demand and Supply Zones for the target and stop loss.
Thank u Trade Well
