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INFY

INFY - UPDATED LEVELS /Analysis Infy closes above the 730 levels, that it had been resisting from past many weeks with a big Bull candle that opens near its low and closes near its high with huge volume. Higher high , high low Structure of the stock is maintained , hence any dip in the stock might get absorbed. There will be many who missed the move and would like to enter in the stock, but buying a stock at any levels is not a good idea, so we have to keep our levels ready and wait for the stock to test it, though it requires patience and you might feel you will miss the move... but trust me patience always pays you well. My mantra for flawless entry :- Keep the levels ready Have Patience Pull the trigger at right time Now as per my analysis 700 -685 is going to be good support. Stop will be same at 650 levels.
NSE:INFYLong
by manuagarwal21
1
INFY - Long Term/Medium/Short ViewFor me its a buy on dip stock for positional trading as long as its holding 650 levels on the downside. Stock has been facing resistance around 715-720 levels from past one month but is able to sustain 695 - 700 levels from past 10 sessions. Hence holding 690 levels can lead stock to 770+ levels on the upside. Trend of the stock is on upside on all time-frames , thus following are the levels that should be watched. Short term support 690 Medium term support 650 Long Term support 460- 500
NSE:INFYLong
by manuagarwal21
PREPARE NEXT WEEK FOR #PROFITABLE ENTRIES - INFY - 30MN - INDIAThank you for your likes! Please share to benefit everyone! Much appreciated! ____________________________________________________________ High potential of profitable entries next week as the INFY INFOSYS price has returned to its historical super strong line . This line has been reverting from powerful support to massive resistance line. The market has a high probability to go away from this actual point. This elastic movement could lead in the future to a new type of trend. Above the price, the first resistance R' which can become a pullback point . Same for under, the support S' which can be a point of pullback up . This showing a new ranging trend of the INFY. Breaks might happen: - If the market breaks the S' support line , we could observe a nice downtrend before observing a recovery back to the black center line. - If the market breaks the R' resistance line , we could see the market first testing the previous uptrend support line which will become a potential pullback zone. Keep in mind: The volume down there is important and has to be higher than the dotted line traced i n order to make a decisio n having better probability to succeed.
NSE:INFY
by Diallo_Charts_Ideas
INFY - Long term is still upInfy bounced from the long term trend line . This Trend-line has 4 touch points, any tend-line having more than 3 touches are considered as important and the support it provides works as a major support. Since i work on harmonics i can see in Sep 2017, stock formed cypher pattern and the prices zooms from its prz zone and this time stock again formed cypher pattern and bounced from its support zone meaning its following the same pattern. From recent lows stock is already up by 38% and possibly it could spendssome time consolidation before taking another flight. When the whole market is in bears hand ,this stock refuses to fall and bounces with much strength , all this suggesting that it could be a leader in the upcoming bull market.
NSE:INFYLong
by manuagarwal21
1
INFOSYS + $9.50 Short Call + Bull Run PotentialI believe in the next few weeks or month, a $9.50 positive correlation price target for Infosys is quite possible. I also think given other's bullish outlook, that a bull run for a long term hold could be quite possible. That being said, please take into account what I said as just an opinion and not face value. I do think though that INFOSYS is a conservative stock pick and wouldn't classify it as too high risk or even medium risk.
NSE:INFYLong
by gamer456148