INFY trade ideas
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 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.
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.