Infosys ltdInfosys is looking for pull back level 1500, one can go short with key levels.
All the key levels are mentioned in chart with Stop-loss and Targets
Key Levels
Macd in daily
Macd in hourly
Rsi in hourly
DMI ADX
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Infosys
INFY <> Correction before a healthy move to 1574RSI : Over bought
Volatility : Going down.
Infy is probably loosing momentum and should test support in the range of 1400 - 1450 for a healthy upward moment of 1574 - 1620.
If it goes up further, it can move till 1574 and then test 1500 as a support level.
INFOSYS BEFORE RESULTSA datailed recovery wave analysis on INFOSYS shows that, all the goods are digested by the market
Now more shorts(1500CE) are developing and low volume with rise in price is a trap for retailers
Its over one year to take some profits on hand by the smart investers. Don't you understand what's the hell is gonna happen?
INFOSYS ANALYSIS PREDICTED (TOMORROW)INFOSYS has an all time high , though the current trend was bullish looking for an trend reversal , this is my analysis when market opens tomorrow
Note :- This is just my analysis don't take this as financial advice
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