Rightly said about INFY falling from 1335 levels !How many cashed in on the rally of infy to 1335 levels for selling. i had publised on 27th may and 29th may about infy falling firstly to the level of 1285, today it fell to 1274 level . Go as per the fibo chart for further levels. book profits if you have shorted at 1335 levels.
INFY trade ideas
INFY's current rally could be used to sellThe recovery of Infy could be potentially used to be sold, given the poor performance of the company and the future commentary of the company. The 1350 and 1366 could be strong resistance for the stock to march higher. shorts could be initiated with these strict SL. for target of 1288 and below.
INFY - POSSIBLE MOVE ANALYSIS: INFY, CMP @ 1509 - LONG & SHORT TGTs and SL are in the Chart. FOR BOTH BREAKOUT or BREAK DOWN, STRONG CLOSING CANDLE IS MUST.
Am neutral because, this is ascending triangle pattern with higher Lows but today the Price action has not respected 50/200EMA. This is for Educational purpose.
will infy crash 10% cause of selling in us market?NSE:INFY if #infosys breaks daily support of 1365/1345, then only we can expect a fall till weekly buy area of 1250 range zone, if #infy does open 10% down , then it wil be opening at the weekly buying zone, dont rush to buy or invest unless weekly buy zone holds infy fall, if weekly zone breaks then avoid infy for investing purposes.