Infy - wedge popLong - cmp
sl - below 1290
large cap IT names have underperformed and consolidated for a while,
in a strong bull market, sector rotations occur often from extended sectors to underperforming ones
IOY trade ideas
INFY Triangle Pattern INFY triangle pattern on daily time frame & as always INFY making range after breakdown everytime same trend seen in INFY Chart now let’s see what INFY do?? wait for pattern to give breakout or breakdown
BULLISH MOMENTUM STOCKThe stock has a daily RSI of 50.9, a weekly RSI of 50.5, and a monthly RSI of 50.1.
The MACD has crossed above the signal line, and the volume is rising.
Long Term swing idea "INFOSYS"available at a great discount, you can buy here and forget.
This bluechip giant can create wealth for you.
can start your accumulation here upto 1055.
Just buy and sit, this bull will make you good money
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.
Long infy Long Infy for Very short term can hold till 2 June to get good dividend. Can trade in options too
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.
Infosys - Major BreakdownInfosys has given a major breakdown below 1750 and has formed a double top pattern before breakdown so can go shorting the same.
NOTE - PLEASE TRADE ON YOUR OWN RISK IN CONSULTATION OF YOUR FINANCIAL ADVISOR
IFY melting down.Infy as predicted on friday melt down excellently and i expect downside until atleast 1285 either today or days to come
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 BreakoutINFY has given breakout of the consolidation zone hence it can rise upwards to fill the Gap.
trend reversal infosysafter a big gap down infy consolidated in certain price range
form here it given range breakout it may try to fill that gap
nifty it is turning back It stock will get movement from here
Infy bullishInfosys is in channel and there is indecisive candle today created
If closes above 1300 then next target 1365
INFY - AnalysisThe key levels for INFY are as follows.
The move is ready to take off.
Buy - 1247
Target - 1365
Infy - Chart Pattern Observation 1Candlestick Chart Pattern - Shooting Star
Relevance - It is a reversal pattern after a bullish/bearish momentum gets exhausted in the market.
The above chart is for observation and learning purposes only.
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.
Infy Short term Long 30 daysNext week is the 1st quarter result
the result will be ok,
if the close day is above 1445 target will be 1500, and the next target will be 1572,
the histogram also needed to be positive
WHY INFOSYS FELL SO MUCH (PART - 2)
infosys had formed DOUBLE TOP in the last few weeks and had finally broken it and reached the target
The double top was formed alongwith the wedge pattern which was earlier mentioned
base formation in infosys good for long 1. infy have made base formation at fib 0.5 levels
2. may retest of its breakdown
3. going long above its previous high 1270 with strict sl
4. R:R ===== 1:1
5. for big targets trailing sl should be done
Infy Elliott Wave counts on Weekly scaleInfy is about to complete correction on larger scale from here we can expect at least 3 waves bounce first confirmation will be daily positive close & weekly close above 1300 would see lot of interest from investors.
