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INFOSYS LTD CEDEAR (1 REP 1 ADR)INFOSYS LTD CEDEAR (1 REP 1 ADR)INFOSYS LTD CEDEAR (1 REP 1 ADR)

INFOSYS LTD CEDEAR (1 REP 1 ADR)

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INFY trade ideas

Update on InfyInfy has given great breakout of trendline and when we share technical analysis in October we were positive and this is what happened and given a decent return since then.. Today, there is a news that a huge number of deal were terminated so that we have seen correction in the stock but as a technical analyst this correction is just healthy and part of retest to trendline.... after retest we can see major bounce back in the stock and can give huge return...
NSE:INFYLong
by Influitive_Capital
The stock is ready for a breakout!! are you??Infy- Monthly chart- The correction that halted at 61.8% of Fib retracement was a bullish zig zag corrective pattern. These patterns develop when the mkt wants to finish the correction ASAP and move in the direction of the larger trend. RSI- halting in the bull zone of 40-45 at Fib support is another indication of the bull trend is intact. Weekly Chart- The recent pull back to 1357 was a 50% fib retracement indicating that the uptrend was strong. The Gap at 1500 is the immediate resistance. The stock will breakout above that. I will want it to settle above it to start trading. There is a big gap between 1647-1573 the stock will find resistance at these zones, above that we should see the highs at 1800 again.
NSE:INFYLong
by singh17vivek
Inofosys "Catch me if you can" - CMP 1578If TCS is almost trading at Lifetime High, HCL is as well. Why would you think Infosys won't go till Lifetime high? Cup and handle break-out completed. This large cap is likely to give a 20% return in the short term. Fundamental Rationale: As per Reuters "The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024." When borrowing cost goes down >> people and businesses borrow more>> They spend more >> Money circulation in the economy increases (due to increasing demand and production). >>More revenue to service industries. US IT companies can resume expansions that were on hold due to inflation. The scenario now is that since they can start new projects owing to lower loan interests, Indian IT companies will benefit. Since the majority of US companies outsource IT labour to Indian IT service companies,. Infosys/TCS etc., these companies can see an increase in revenue in the incoming quarters. We can see opportunity in the chart pattern; invest and just wait patiently for a return. Manage your risk; it is advisable not to invest more than 5% in one script. Disclaimer: All views are personal. This is not a recommendation. Trade at your risk.
NSE:INFYLong
by aliveTortoise72118
Infosys (Infy) From the week starting 18 April 2022 till the week starting on 10 April 2023, the stock was hovering between the price channel of 1650 and 1354. It took a gap down for the price to slide below that channel. Post the gap down (17th April 2023), the price has subsequently recovered to form a base inside the previous channel zone. Positive above 1520 for a positional trade. Resistance at 1650-1720 as this zone needs to be filled. Post which, we can see strength in upward momentum. Cautious below 1355. Trade with a strict stop loss of 5-8%. Not a buy/sell recommendation. Please consult your advisor.
NSE:INFYLong
by TheUnlearningOne