NMDC long , results on 22nd june alsoGo for Long as the results are coming, iron ore prices are increasing
Q4
Infy: Follow NEWS & be reactive or follow Charts & be a ahead !!Infy
This is not a fresh recommendation. This is just a follow up to our post on 09th April 2021. This is what we had posted
Observations
- Infy trading in the yellow channel from July 2020
- on previous 2 occasions, before the result announcement we observe Infy near the channel top
- Infy makes a high on result announcement at the top end of the channel and then drops down
- after Jan 2021 result announcement, we observe the yellow channel being breached twice temporarily
Is this a cue that strength of the buyers getting weaker...???
if we observe Infy getting rejected at the median of the red channel, then there is a possibility of Infy shifting to lower blue channel
Infy had a NEWS event - Result announcement on April 14, 2021.
If you have read the analysis in the above post, see the Infy price movement and Notice how charts revealed every thing before the NEWS event.... and worked to perfection....
That's the magic of Technical Analysis...!!!
Charts do try to tell us a lot.... Are you ready to listen... ???
Choice is yours
Was it a good analysis...?
Do Comment, Like and Follow...
Have a good day
India VIXFor any reversal/rally to sustain, VIX needs to cool down. For now sustaining below 39 would be the 1st confirmation for a pullback to 30 then 25. With Q4 Advance Tax noes coming in from Monday, we would be seeing stock specific reactions going forward unlike the systematic fall we have been witnessing since FEB. So a word of caution, not every Inky Pinky Ponky will give returns, be very selective, from here once again domestic triggers will play a vital role.
