price faced rejection at 800 which is r3 of this month and r1 of this week.
on daily chart there is loss of momentum after good upside. on hourly chart there is double top formation with RSI divergence. on breach of 780 which is the neckline of the pattern and also central pivot point of this week, stock price will fall and reach 765-760 zone. trade can be exited...
Infy is trading near the upper band of its trendline resistance on monthly scale. In 2H scale RSI has gone below 60 indicating fresh weakness in the stock. This might be to profit booking pressure at higher levels. Todays attempt to break 800 was proved to be a false breakout and stock saw good selling with volume. One can go long with 790 August PE for 15 with...
NSE:INFY
BULLISH BAT INFY CMP 718 @ 7/7/19
PRZ 705 TO 703 T1 723 T2 735
INVESTMENT IN CASH ONLY NEXT LEVEL OF SUPPORT AT 696
CHART BY HARMONIC LEARNING AND EARNING
Infosys is the fourth heavy weight stock in nifty. There is a strong bullish zone for infosys in between 760-775. On weekly timeframe, a clear bounce back is seen
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation. Its segments are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH).
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INFY
