INFY trade ideas
$INFY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $INFY after a Negative over reaction following its earnings release placing the stock in drift C
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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?
Good industry leader worth lookingI really like the techniclas of NSE:INFY , it has done three breakouts with good volumen and it stayed strong during the market correction. The price is above its key MAs, is in the list of 52-week highs in Barchart and is ranked 4th in its industry by Investors Business Daily with a relative strengh rating of 81.
I mean is almost too perfect to be true so, I checked its quarterly revenues in Reuters and from 12/2019 to 03/2020 had +0.86%, from 03/2020 to 06/2020 was +1.72%, from 06/2020 to 09/2020 was +3.81% and from 09/2020 to 12/2020 was +5.71%. Its growth is growing, that's a really good sign.
Yesterday did a breakout of a third base so it may not be in its early stages but I think its worth to look at.