IOY trade ideas
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.
TIME FOR ACCUMULATIONInteresting quarterly results came .
1. As expected due to global issues results were affected ,
2.Profit declined quarterly and marginally increased yearly still
this major fall came due to order book .
3.Still this price action comes as a blessing for investors and even for swing traders
4.The price has come in a demand zone ,
5.Short term price target Rs 1340 - Rs 1450.
6.Rsi in oversold zone
START ACCUMULATING THIS GEM OF A SHARE FOR DISCOUNTED PRICE
Infosys Crash 11%, 35% down since ATHInfosys Crash 11%, 35% down since ATH
Trend : Bearish
Fundamentals : Weak Quarter results, Outlook Downgrade by Nomura and CITI Research
Strong Resistance : 1350-1450,
Support : 1150-1100
Trading Zone : 1350-1150..
Daily chart formed Hammer, invalid below 1180
Accumulation Zone for long term Holding, SIP Level - 900-1300
INFY breached the VWAP from COVID low of 2020INFY - Average buyer from the lows of Covid (Mar 2020) is losing money for the first time as today price breached & is trading below the Volume Weighted Average Price (VWAP - 1290.65) since that low. Surely, that is not good for the stock despite a bullish candle close, on a huge gap-down.
Only personal analysis. No recommendation.
#INFY - is it heading much down level Infy on weekly time frame has formed a weekly double top and got rejected at island reversal gap which it has formed post April'2022 result session.
It has already given a neckline breakdown of weekly double top as well as follow through closing of the confirmation candle and potential fibo target using couple of harmonic pattern suggest much downside level before any reversal is seen here. Longs are advised to caution here.
INFOSYS downtrend movement potential with Risk:Reward of 4.6Infosys downtrend movement potential with Risk:Reward of 4.6
Symbol : INFOSYS
Time frame :1 hour
Analysis : MACD is crossing below zero . MA 6 <MA 20 && MA 20 < MA 40.
Sell below 1380 with SL 1445 and target 1235/1076.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
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Infosys in Trouble along with All Tech stocksInfosys is in Zig zag correction after making top near 1955. The Rally from covid low ends in 5 waves near 1955.
Currently in Wave C which can head up to 1073 and worst case 700 which is 1.618 extension.
Analysis invalidation level will be 1620.
The LAST Time we analyzed it, moved as per chart
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There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
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--------------------------(((((LIKE)))))-------------------------------
Infosys 1336/1250 harmonic butterfly prz reversal zone.
†********†
TCS Average PE for 10 Years is 25x
Closed at PE of 27.7x
Infosys average PE for 10 Years is 22x
Closed at PE of 24.4x
On Basis of 10 Yr Avg PE (Range)
TCS @ 2850-2875
Infosys @ 1270-1280
†**************†
Infosys has declared Rs 17.5/- Dividend.
Ex-Dividend date will be June 2.
Payment date will be July 3.
A Deep dive.
Infosys generally declares dividends twice historically.
1. After Q2 results. In October.
2. After Final results. In April. Like now.
Rs 16.5/- was declared during October 2022.
So, Total Dividend for Fy 23 would be Rs 34 (16.5+17.5).
Fy22- Dividend was Rs 31.
Its 9.7% increase in Dividend this time.
Fy 21- Rs 27/-. Fy 20- Rs 17.50/- . Increasing trend.
Great.
But this time mood is sombre. Why?
Say Your Talented child says that she will bring 16 marks out of 20 in exam. But she got 15.4.
For next year, She is predicting that she will get only 4 to 7 marks.
Infosys revenue was 15.4% this time & for fy 24 guidance is lowered to 4 to 7 percent.
Big drop.
But why?
88% Business comes from North America & Europe. There is slowdown going over there. Clients are cautious. Demand for services is low now.
Its like there is severe storm out & we are in the midst of it. Only we hope things to get better sooner.
For better dividend, more profit
is needed. So this is going to be an interesting year & I hope the storm to subside soon.
#sharedthisview
INFOSYS : MILLION DOLLAR STOCK TO KEEP AN EYE FOR MED TERM HOLDOne of the Most Prestigious Brand of Country Infosys Ltd a high Value stock to be kept on radar for next two or maximum trading sessions. The stock is near its 52 Week low and at Support level of the Channel it is respecting since April 2022.
CMP is 1389.20 and after rising from the demand Zone , it was moving in a range and then declined sharply today. However, price invalidation can be seen in today's trading as the fall in price is not in proportional to the Volume. Must be an affect of Weekly Expiry or affect of the news Infosys was into today. I believe it is just retesting the support at 1365.80 and will bounce back from the Demand Zone.
RSI : 40.05 ( Low ) is also indicating a buy signal.
We must enter the trade after retesting of the support is completed and we see a buying signal. Thus ,the stop loss will be the least i.e. support @ 1365.80 and the long term target would be the Supply Zone which is @ 1663.50
Kindly refer to the Chart for various analysis along with Targets and Stop Loss . I will update the idea once the stock retests the support and indicates buy Signal. However, the above analysis is not for actual trade. It is only of educational purpose . Please carry out your analysis on this idea and trade at your own risk. Do not forget ,
STOP LOSS IS MUST !!!
Good Luck !!!