INFYC trade ideas
Swing Buy Opportunity : Infosys There is clear breakout in Infosys and stock has taken a support on 200EMA.
Please refer the chart for the Targets as per Risk Reward 1:1 and 1:4 respectively.
Post achieving the targets one can trail the stop loss as per the previous swing low
Note: This information is for Learning/entertainment purpose only and should not be treated as any trade recommendation. Please do research and consult your advisor prior to taking any actions.
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INTRADAY TRADE SETUP #INFOSYSINFOSYS is now present at important support zone1265 ,( june 9th) also same place support has been take and good rally upside has been seen 1260 zone also has huge PE writing in option chain which may also act as support so combining all the factors it should be bullish untill price stays above 1265
INFY longThe chart pattern is suggesting that INFY is trending upside and today's closing is signaling that the stock has the strength to go up. As per the chart next stops should be 1333 and 1374.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
where is infy heading to ? be safe on IT stocksRemember i had advised to short infy when it was 1335 and now its close at 1265. where is it really heading to ? The fibo levels of the swing low says it may reach the recent swing low of 1186, unless it closes above 1279 on a daily basis. Given the weak outlook for the stock, better to avoid the stock for some time now.
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'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.