Infosys bull run - continuation or Declining phase startedSo far last 15 months investors were riding on the nice acceleration wave gaining almost 350-400% from March lows (like most other fundamentally strong companies). Look how beautifully it has been on the upside from 30WMA. Last 2 months were bumpy ride. It broke on 30wMA once and then hover to regain MA line . This week it has broke MA line for another upside but missing component here is VOLUME.
What are two possible scenarios here ?
(1) Momentum will regain and will continue being participant of stage 2 advance. in that case, new investors entering here need to respect 30WMA as a stoploss. Once it regains HH-HL , trail your SL to previous lows .
(2) Second option is if this again moves back below 30WMA and MA line starts on negative slope, then a short entry can be made here again with 30WMA as a SL and once it forms LH LL structure, keep trailing SL to prevoius highs.
Key component of your trade decision here should be following :
(1) Overall market structure should be in line with your direction
(2) particular sector should be in line with your trade
(3) respect your decisions with appropriate SLs.
(4) remove hope from wrong trade and exit without fear.
Wish you all good luck and if you like this analysis please do share for more reach.
Happy Trading !!
INFY trade ideas
Infosys IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Best buy zones for #Bottomfishing in Infosys. #infosys Best Buy Zone: 1450 - 1594
Good Buy Zone: 1594 - 1663
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
INFOSYS - Good results declaredWell !!! the result says it all........
Over the days to come as we would end the financial year we should see some more good postings when it comes to the results section.
Hopefully ease of business will be much improved by the slowness in Covid-19
A good stock to accumulate as IT has a very bright future in the coming year ahead !!!!
THE 2022 BLOOD BATH...???As the global markets are down during the early 2022, the bear run has now struck large cap NSE stocks.
This right here is just a little demonstration of fall in price of an IT company NSE:INFY .
This stock is perhaps a fundamentally strong one because it took a definite support from it's 5-month low as you can see pretty clearly.
Isn't much more to say really.
Happy Trading !!!
$INFY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $INFY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
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Infosys - Long Term Bullish Channel Infy has been on a strong bullish trend for last couple of years, and has been in parallel uptrend channel. Short term it might pull back a little. Long term investors can start accumulating at pull backs around 1645 or lower channel levels. If it breaks lower channel, strong support at 1520.