INFY trade ideas
Infy - Once again in rally mood ;)Infy has a pennant breakout on horuly tf. taken daily support and bounced. Hopefully it will hit 1480-1500 this month. Targets on chart...
INFY - Testing resistance to break above for ATHInfosys still managing its uptrend on a daily candle. A double top already formed. Price failed to breakout above and price rejected but rejection does not look very strong. A long entry if the daily candle close above 1397.
MACD showing strong bullish momentum.
Infy Elliot wave analysisInfy Short for short term till 1200 from 1351-54 range. Wave counts are given
Infy Bearish gartley overheadinfy forming bearish gartley on daily TF. let see how price react at prz.
INFY GO longINFY completed Elliott corrective wave and begin new cycle of Impulse wave! Go Loooooong!!!!!!!
INFOSYS ANALYSIS PREDICTED (TOMORROW)INFOSYS has an all time high , though the current trend was bullish looking for an trend reversal , this is my analysis when market opens tomorrow
Note :- This is just my analysis don't take this as financial advice
PUT YOUR THOUGHTS ON COMMENTS I'D LOVE TO HEAR AND RESPOND TO YOU
HAVE A GREAT DAY
#INFY set for all time high with Double Bottom Breakout#INFY is set for all time high with Double Bottom Breakout and Bullish Signal on MACD on the daily chart. On fundamental side, the IT major has just won a $500 million all-digital deal from Google.
INFOSYS LTD - Triangle breakout - possible Double bottomINFOSYS LTD
Triangle Breakout
possible Double bottom formation
Targets in Green
INFY: Next target 1368 and 1408INFY has tested its trendline support level 4 times on daily candlesticks chart. At present if it honored its support as mentioned in the chart, It will reach to the level of 1368 as target one. Further it may go up to 1408. Please see it in the picture.
Volume is also low during the fall from recent high compering to the earlier volume of long side which indicates additional support for the long position
Infy Short Based on résistance and and rejection from trend linInfosys can be short at the 1275 levels
Triangle pattern breakoutWait for the breakout and buy. Stop-loss lowest point of triangle(Rs.1233) and target Rs.1425 or highest point of triangle.
Infosys (Analysis)This will only be possible Infosys respects the support I drew, so don't take any fresh trades on Infosys since Indian dollar currency value has been spiked too and it's not good news for IT companies like Infosys. So wait and take a safe trade there is no hurry Infosys.
