Infosys - Short oppInfy historically did not give much return to shorters post results even it missed the earning estimates. Post results it moved up or sideways and did not leave good RR for shorters. This time results are out on 04/13. Price is already trading below 21 MA, if short now target should be 1700.
Release Date
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Infosys options Buy Call 1880 Rs 32 to 35NSE:INFY
options Buy Call 1880 Rs 32 to 35
SL: 29
Target: 60
Infosys Ltd is in uptrend and formed demand at 1845 to 1856. 1920 + it will face selling pressure / resistance but can form a new high with a large upside move, a good opportunity to buy a Call.
Disclaimer: the author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice
INFY has closed below 200 EMA , go short if it Infosys has closed below 200 EMA of 15 min time frame, the purple line is moderate demand zone , you can go short for a intraday trade if it breaks the zone. Check IT sector in the morning to add a little more confirmation to your trade. It will go down after breaking the zone , as it tries to fill the gap from 1720 to 1740. Place a proper stop-loss .
EMA - 50 Strong SupportInfosys will announce its earnings later in 2-3 days and is expected to follow along the lines of its peer TCS.
EMA 50 has always been a good support for the share and MACD hasnt seent he negative zone since March 20 market crash.
It will be interesting to see if the share rallies from here and mantains its EMA support or corrects a little more to meet its trend support.
INFOSYS technical + simple chart analysisI am siddharth dhurve , i am 19 years.. here is simple and best infosys ..
there are three possibilites;
1: first it may take direct support and continue to move up.
2:second it may directly open gap up . may break previous high or consolidate..
3: third it may break trendline and take support from 1501..