INFOSYS Looks Weak on Hourly ChartOne can sell INFY if it crosses below 709.60 for TGT1: 698, TGT2: 688 with SL: 720 also RSI Looks weak because there is Bearish Divergence
INFY/N trade ideas
Infosys - Ready for Breakout at 721Support Levels: 697
Resistance Levels: 720, 743, 753, 759
Trendline Support Levels: 689-709
Trendline Resistance Levels: 720-709
Infy infosys long bull pennant and gap fill 4 hr has bullish pennant with great RR ratio
High probability trade
INFY - GO LONG THEN SHORTINFY - SHORT TERM PLAN AS ON 10 NOVEMBER
1. GO LONG @ CMP WITH A SL OF 699.55 AND A TARGET OF 745.
2. ONCE THE TARGET IS ACHIEVED, GO SHORT WITH A SL OF 792 AND A TARGET OF 615.4
INFY IN BUY TREND BUY ABOVE 718.65INFY IN BUY TREND ONLY BUY ABOVE 718.65
TARGET 1 @ 724.35
TARGET 2 @ 732.5
PLEASE ANALYSIS ON UR OWN AND INVEST ONCE AGAIN.
Infosys trading plan for next week (NSE Indian Market)If infy sustain above that trend line or previous day high zone then it will get a up thrust of 1st target 721.
Great Dip Buy opportunity on INFY for 10%+ ReturnINFY has reached a 1 year low and a strong support line. Great time to buy INFY for an easy 10%+ return
Will INFY try to close the gap?INFY had huge gap down but is looking strong off the 200 Weekly SMA. Decent risk/reward to close the gap.
Infosys - News Break SupportsSupport levels: 759, 753, 743, 737, 712, 706, 697, 692, 677, 651, 636
Based on news breaks supports.
INFYinfy at strong support on diagonal and horizontal support
wait for the proper breakout or breakdown
INFY cheap after earnings dropInfosys dropped sharply after earnings despite a slight earnings and revenue beat and raised revenue guidance. Analyst reactions were mixed, with some raising price targets and others lowering them. The average price target of $12 per share implies 13% upside from the current price. S&P Capital IQ rates the stock undervalued. When a stock moves the wrong direction after earnings, that's usually a sign that the stock price had gotten ahead of itself. Corrections like this offer a buying opportunity for the contrarian investor, however. Infosys appears to be making a morning star candle stick, which is a sign that it may be gearing up to bounce. You could buy it here near the support, or you could wait for the trend line cross and then buy the next dip after that.
