Infystock
infy Coming in Selling Zone1.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
INFY SHORT ZONE ANALYSIS IN ADVANCE (INTRADAY SCALPING)Haribol!
INTRADAY SCALP FORMING
INFY HAS OPENED IN RED AND CONTINUED MOMENTUM SUGGESTING LARGE SELL ORDERS SITTING.
LOOKING OUT FOR SOME NICE REACTION TO GO SHORT from RED ZONE
If u guys like then please follow me here and my twitter handle Tradingvahni.
Good Luck
Infy | Breaks out of ConsolidationInfosys 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 a 72 pts move towards north i.e. to 844.
Though the stock will most likely hit 840 region, it will not be without minor corrections. Even round number 800 could be a point of such a pull back. Hence longs are advised to have trailing stop loss. If trailing stops are hit, further longs can be initiated if the previous highs are broken in lower time frames, say Hourly or 4 Hour chart.
(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 and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
INFOSYS | Double Top patternDouble 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 and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Infy Dividend Effect Keep watch..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
