INFY trade ideas
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.
INFOSYS SPOT CHART DOUBLE TOP IN 15M HI EVERYONE!
INFOSYS SPOT CHART FORMED DOUBLE TOP IN 15M..IN INFOSYS FUTURES CHART DOUBLE TOP WILL BE CLEAR..
TODAY OCT 11 Q2 RESULT WILL BE THERE
DON'T GO BUY..GO SELL..
TARGET 785 WILL BE HIT ON MONDAY OCT 14
THANK YOU EVERYONE!
KEEP SUPPORTING!!
May be infy will form a Head And Sholder, as per techinically may it will take a support on 764 ,if not it will go down till 700 possiable
Infy under scannerTomorrow's PA important for Infy, RSI and volume on rise, if trades above yesterday's high on 15 min TF, targets can be set to 805-809-811 swing.
Wait for levels before entering.
Bias - Bullish
View negated if trades below 775 for more than 15 mins.
Infosys Chart StudyPlease refer to the text on Chart and follow. Make sure to follow a 1 hour candle close.
If anyone wishes to enter, make entries using 15 min chart.
Note :- Please do your own research if trades are to be taken.
INFYEvening star formation on Daily Time frame.
Looks to be going down now.
But on lower time frame already was moving in a downward channel.. Need to see if it will break upside or continue downwards.
Fibo levels also plotted...
Infosys- Downtrend or BreakoutInfosys- Chances for downtrend this week or else breakout for new high
INFOSYS may plunge in coming days???Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count or update. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers.
This is a educational post only...my ambition is to create a awareness to the traders who lose the money and treating like a gambling...this is a pure business and not only buy and sell apart from that we have to fine tune ourselves in various part of trading...cheers once again.
Infosys - Trading in the BoxInfosys - Another stock (Kotak), trading in the box range... 770 to 800... Trade the box, till it breaks on either side.
Infy - Big Directional Move Imminent - Direction UnknownInfy seems to be stuck in a tight range between 760-800 since the past five weeks since posting results and having a gap up on July15. A directional short term move imminent out of this range. While a breakdown below 760 could give downside targets around 720 - 680 where support exists. A breakout above 800 could indicate fresh lifetime highs.
Infy - a strong long set upThough IT Index is under some pressure infy is not letting up go... all ichimoku long set up intact... on weekly it has also formed an inside bar... 800 needs to be crossed ... fingers crossed..
