IEX Ready for Big move ?A strong breakout can trigger if it give weekly close above 165.
The day this stock starts moving, there would be no looking back.
Weekend-study
Infosys (Infy): Positional view on this IT giantFrom among the IT Pack, Infy is the one I'd love to keep a watch on.
From the high to a 30% correction, the stock is slowly inching its way up.
Forming a double bottom pattern, the current price is hovering near the neckline.
Positive with initial targets of 1750, 1900 and 1950. Above 1950, we can expect good move upwards.
The stock has strong support at around 1400 - 1350 levels, having pulled back up from those levels.
As always, keep a SL at 5-8%.
Note: Not a buy/sell recommendation. Do consult your investment advisor and due diligence.
SIEMENS - Simple Price actionThought Process - Price has rejected multiple time from its resistance level of 1900 (at which there is a massive open interest of Call Writers), one it holds 1900 levels there can be a good breakout leading the price to its next round level of 2k.
Trade Plan - 50% positions can be initiated now with SL of 50EMA on a closing basis & next 50% when it holds 1900 levels.
