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Infosys

Infosys going back to 1200?INFY has been in a bearish structure on the daily chart since March 23. It had gapped down to 1190 levels in April after a bad surprise in results. It has pulled back to the 1280 area which is the base of the gap. If selling pressure continues, a short position could be considered keeping the following levels in mind: SHORT BELOW: 1254.25 STOP LOSS: 1279 TARGET 1: 1229.50 TARGET 2: 1204.75 Please do wait for at least a 15 min candle close below the "SHORT BELOW" level before initiating the trade. _______________________________________________________________________________________________________________________________
NSE:INFYShort
by Tradeception_
What if you have infosys in your portfolio? Many of you must be having Infosys in your portfolio. Even I have it. There is a short term pain for all of you but here is some data that can help you in making your decision. I will be holding it but it is not necessary that you should do the same. Is the long term story in the company intact? Ans: Yes. Why will I be holding majority of my Infosys share? Because it is a premier Indian IT services company. For me the growth has diluted but not the story. Secondly my entry point is quiet low. Infosys, TCS and Reliance in the reverse order where the first shares that I bought in my account. There is chance of recession in West and IT sector may get affected due to it as a whole. Off late I am not very very happy with some Management moves by Infosys at a deep level. I feel that TCS and LTIM and few other IT firms like Tech Mahindra and HCL Tech may out pace Infosys in a short run. But Infosys is too big an organization and can definitely surprise us by giving a great result next quarter or after next one or Two Quarters. I have expressed my opinion. You can take a call based on your judgement. The Chart covers almost 25 year channel of Infosys. Support levels are: 1191, 1064 and 972. Resistance levels: 1263, 1311, 1368 and finally 1432.
NSE:INFY
by Happy_Candles_Investment
Interest Rate Hikes & Bank Collapse: How to Protect Your TradingThe Federal Reserve has been increasing interest rates for the past 9 months, causing a ripple effect throughout the financial world. In recent week, we have seen 3 major banks collapse as a direct result of the interest rate hikes, which has caused trouble in the financial world as well. As a trader, it's essential to understand how these events can affect your trading decisions and how to navigate the current situation. The Impact of Interest Rate Hikes on the Financial World Interest rate hikes have a direct impact on the financial world, including the stock market, bond market, and the housing market. As the Federal Reserve increases interest rates, borrowing becomes more expensive, which can lead to a slowdown in economic growth. It can also lead to increased volatility in the stock market, as investors react to the news and make changes to their portfolios. The Collapse of Banks and the IT Sector The recent collapse of two banks has caused trouble in the stock market specially IT sector, as many IT companies & startups have provided services to these banks. The collapse of these banks has caused a ripple effect throughout the financial world, leading to concerns about the stability of the financial system. Navigating Trading During the Current Situation As a trader, it's important to stay informed about the current situation and how it can affect your trading decisions. Here are some tips for navigating trading during the current situation: Stay informed: Keep up-to-date with the latest news and developments related to the interest rate hikes and the banking collapse. This can help you make informed decisions about your trades. Diversify your portfolio: Diversification is always important in trading, but it's especially crucial during times of economic uncertainty. Consider spreading your investments across different sectors to minimize your risk. Monitor volatility: As interest rates continue to rise, volatility in the markets may increase. Keep an eye on market volatility and adjust your trading strategies accordingly. Be patient: It's important to be patient and avoid making impulsive trading decisions based on emotions. Take the time to analyze the market and make informed decisions based on your trading plan. Use stop-loss orders: Consider using stop-loss orders to minimize your risk and protect your investments. Stop-loss orders automatically trigger a sale when a stock falls to a certain price, which can prevent you from incurring significant losses. Stay disciplined: It's important to stay disciplined and stick to your trading plan, even during times of economic uncertainty. Avoid making impulsive decisions based on emotions, and focus on your long-term trading goals. Take advantage of opportunities: While economic turbulence can be challenging for traders, it can also create opportunities for profit. Keep an eye out for undervalued stocks or assets that may be poised for growth in the future, and consider taking advantage of these opportunities if they align with your trading goals and strategy. Avoid overtrading: During times of economic uncertainty, it's important to avoid overtrading and taking on too much risk. Stick to your trading plan and avoid making impulsive decisions based on emotions or short-term market movements. In conclusion, the current situation of interest rate hikes and banking collapse can have a significant impact on the financial world and your trading decisions. By staying informed, diversifying your portfolio, monitoring volatility, and being patient, you can navigate this challenging environment and make informed trading decisions. Remember to always prioritize risk management and stay focused on your long-term trading goals.
SP:SPXEducation
by AfnanTAjuddin
Major Correction for Nifty ITNEGATIVE SIDE : 1. Nifty IT broke the major support level at 34450pts during the last trading session. 2. The two major rejection candle at the level 36750pts in the recent time is so crucial. This is because of the two major correction happened in the past one in 2000 and the other during the corona situation. Both the corrections have the 4.236 fibonacci level at around 36000pts. Which will play the major supply zone for the coming days for IT. 3. The Fibonacci level drawn in this chart shows the pullback happens exactly at 0.618 level, which is again a negative side. 4. The moving average 20 & 50 is getting closer. POSITIVE SIDE: 1. Currently, Nifty IT is at a major support level. Lets hope that it will bounce back from the level.
NSE:CNXITShort
by VigneshRaja-UthayaKumar
WORST IS OVER FOR INDIAN IT SECTOR As we can see that given chart the IT sector as form very good base , with bull sash candlestick pattern on last month low with fibonacci retracemet also at that same level suggest how important that level is for price. Bull sash is very pwerful bottom forming candlestick pattern with high success rate. As last week was bearish but this week price gapup plus give closing above previous week high. I suggest to buy top it sectors stock with IT Bees as it is good to accumlate the stock for longterm perspective
NSE:CNXITLong
by bhoirjanmesh3
1
Infosys Ltd | 4H analysis Infosys Ltd is currently trading around 1526. We had a V shape recovery in price but now people are taking profits and selling their share. Price also deviated above previous high of 1631.35 and now it's trend is changed in downwards direction. Nifty is also looking bearish at the moment. Expecting Infy to Fall around 1355 and below. You can short it after a pullback. Marked take profits area in green. Simple price action. These are my personal views. Not a financial advisor. This idea is just for educational purposes only. Do your own research. #DYOR. Hit the like if you like the idea.
NSE:INFY
by snilesh115
INFY | Intraday & Swing TradeINFOSYS Intraday And Swing trading view INFY will be a good buy above 1648 which is a good resistance level, And 1616 is a support. If it breaks this level today we can see a gap filling which will be good for swing trading. As per the market cycle every sector moves up as the index rallies now is the time for IT sector to boom so keep a watch on it. Swing trading view Buy above - 1648 SL below - 1614 Comment if you have any queries. Thanks, Happy Trading !
NSE:INFYLong
by stanleytopno
3