INFY Infosys Limited Options Ahead Of EarningsLooking at the INFY Infosys Limited options chain ahead of earnings , I would buy the HKEX:20 strike price Calls with
2023-10-20 expiration date for about
$0.45 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
INFY
NiftyIT - historical performance since 2007The chart shows 15 years track record of the Nifty-IT sector.
Out-performers :
1. Coforge
2. HCLTech
3. TCS
4. Infy
Under-performers :
1. TechM
2. Mphasis
3. LTIM
4. Wipro
5. LTTS
When the IT sector starts to turn and takes charge in the sector rotation, I would be rooting for the historical out-performers which create value.
Infosys Ltd | 4H analysis Infosys Ltd is currently trading around 1526. We had a V shape recovery in price but now people are taking profits and selling their share. Price also deviated above previous high of 1631.35 and now it's trend is changed in downwards direction. Nifty is also looking bearish at the moment. Expecting Infy to Fall around 1355 and below. You can short it after a pullback. Marked take profits area in green. Simple price action.
These are my personal views. Not a financial advisor. This idea is just for educational purposes only. Do your own research. #DYOR. Hit the like if you like the idea.
#MtarTech #MINDTREE #LTI #LTTS #INFY #TCS #CNXIT #WIPRO #COFORGE#MTARTECH
NSE: MTARTECH
CMP: 1737.80
TARGET: 2200
SL: 1550
RR: >2.5 times
Return > 26%
Timeframe: <6M
CAN BREAK ALL-TIME HIGH IN FUTURE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
INFY | Intraday & Swing TradeINFOSYS Intraday And Swing trading view
INFY will be a good buy above 1648 which is a good resistance level, And 1616 is a support.
If it breaks this level today we can see a gap filling which will be good for swing trading.
As per the market cycle every sector moves up as the index rallies now is the time for IT sector to boom so keep a watch on it.
Swing trading view
Buy above - 1648
SL below - 1614
Comment if you have any queries.
Thanks,
Happy Trading !
RELIANCE INDS HDFCBank ICICIBank INFY LevelsRELIANCE INDS HDFCBank ICICIBank INFY Levels
If __ trading above __ levels, & we can plan for longs
If __ trading below __ levels, & we can plan for shorts
CNXIT CNXENERGY CNXAUTO CNXPSUBANK CNXMETAL CNXFMCG RELIANCE INDS HDFCBank INFY ICICIBank TCS SBIN AXISBANK HDFC HCLTECH
INFOSYS - LONG FutureHello all,
if you see infy have reached bottom made post 18 April ( 5 months) but low is not below it.
On fundamental with with FY24 EPS as 65 and PE 20 = 1300, we can take risk of 150 points.
My plan is make future long with no call writing for now.
Risk is 300 *150 = 45000 /-
Upside = 300 *300 = 90000 /-
if anyone is interested can try this.
ideally I write Infy call for 1400.
Its a risky bet
Looking for higher highs?, $GDYN has themGrid Dynamics accelerate digital transformation of Fortune-1000 US enterprises. They specialize in customer experience, data analytics, and cloud. They compite with the likes of NYSE:EPAM , NASDAQ:CYBR and NSE:INFY .
The price made its lowest low in mid March and since then has made a good bull run. Now $GDYN is making a good looking descending triangle, the only bad things is that it price is below the 50-day.
Still, as we are currently in a bear market, this is the kind of charts that I'm looking for. RELATIVE STRENGTH is the name of the game now. Combine this with the good fundamentals it has and it should be a next leader.
I'll wait and see.
CNXIT (Nifty IT) Long, INFY/ BSOFTBat Pattern:
It starts with a bullish XA move. AB is then bearish . BC is bullish , and CD is bearish again.
XA: This can be any price activity on the chart. There is no specific price movement in Bat chart formation.
AB: The AB move should be between 38.2 to 50 % Fibonacci of XA.
BC: The BC move should finish between 38.2% and 88.6% Fibonacci of AB.
CD: Ideally point D should represent 127% to 161.8% Fibonacci extension of BC Leg. Look for entry at point D once you see the trend reversal.
Profit Target: As mentioned in the chart.
Stop Loss : should be just below X with a support channel.
As you can see from the above chart the NIFTY IT ( CNXIT ) has completed the bat pattern and is moving up optimistically We should see the price touch target 1. Since it's on a corrective wave on Elliot's principle Target 1 is most likely to be completed. MACD has crossed the signal line on a weekly timeframe .
INFY ( Infosys ) & BSOFT (BirlaSoft) are on the same trend line as the IT index.
Disclaimer: “The above is an idea only and not any kind of any financial advice so please do your own DD (Due Diligence) before any kind of investment”.
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