INFY trade ideas
Infosys. (Still in the zone)Infosys. View still is intact as the previous idea the chart is updated as per the price movement in the last 3 days and as you can see the consolidation continues.
Infosys (Ready for a Breakaway ?)Infosys has been consolidating in a certain range now and has formed a Triangle formation, which is on the verge of a completion. A breakout on either side is highly possible as soon as tomorrow. The yellow lines can be treated as targets, even though there are certain other levels to watch out but the rally should be strong enough. They can be treated as Target 1.
With the Other IT stocks, giving a breakaway move and a pretty strong one is it time for Infosys to do the same ?
Infosys Buy Intraday tgt 700Infosys is at now resistance once break 691 in spot can be a good intraday buy for 700 tgts sl below 680. Risk Reward is less. almost near to 1:1.
INFY-THE PERFECT OPPORTUNITY TO GET AN UPPER HAND OVER BEARS?INFOSYS has broken a small trendline resistance of 683 and managed to give a closing above 690,things would be in total control for bulls if there is a closing above 700 for a target of 725/745 because the most important thing is that infosys today filled its island reversal gap and was able to sustain that gap on upper side which was missing in earlier moves.
INFY INTRADAY SETUPINFY formed a bearish bat with reversing price action in the PRZ
TARGET 684-680
STOPLOSS 696
INFY on raise Infy on continous raise from past couple of trading sessions.
Considering the uptrend in NIFTY-IT, if Infy sustains above 700-705 range, we can see clearly capture further uptrend .
Add to watch list.
INFY SHORT OPPORTUNITY INFY SHORT OPPORTUNITY IN COMMING DAYS.
Green dot line down trend marked
Red one temporary up move inside the green dotted channel.
Infosys intraday long for Monday buy if crossed 694 Target can be 705- 706 sl will be updated on monday at the time of limit order execution.
Infy good to buyINFY looks strong and good to buy, closing above 20 SMA
Levels to watch
if -GAP UP OPENING ABOVE 695.11 then can see 25.5 points moment upward
if -GAP DOWN OPEN BELOW 680.14 then can see 16.21 points moment downward
INFY - Trading in a up-sloping channelStock in a slow up-move, would take time reaching its target.
680- 650 turns out to be a good support zone, from where stock manages to bounce most of the time.
Be ready to short INFY at 690 levelsToday infy broke the support and made low of 653.
Now support turned resistance. Wait for retest the resistance then short.
Target is big around 500 minus.
