INFY
Long for ATH above 13000Nifty IT is following the textbook EW pattern. We are at the beginning of a fresh impulse of the last cycle wave 5. This wave should take us to all time highs.
On smaller time frame we have already finished wave 1 of 5; obviously the next impulse (w3) would be much sharper.
Index is susceptible to political news from US, so adhere to proper RM.
INFY POSSIBLE SHORTWait for the breakout to the downside before shorting.
Don't miss the dip to buy as well..
Great stock to keep in portfolio.
It will not go straight away to break the top, but that's the cheapest you might get 'infy'
INFY to DROP as long as it stays below 1110 and sustains belowINFY to DROP as long as it stays below 1110 and sustains below
SL 1120
Target - 1010
INFY - 5th Wave Completion (Correction ahead in Tech.)As per my elliott wave analysis, Wave 5 is forming ending diagonal, which is at urge of breaking down. We may see a correction from here on that can go on for some few years.
It is wise to take out your investments from this one and invest in something else that can provide you returns in few years. Day Traders/ Swing traders have great opportunity to short this one on every rise.
Trading Infosys - 6/15/2016It seems like much of the good news has been priced into the Infosys stock. Appointment of Mr. Vishal Sikka as CEO brought much needed fresh air into the culture and stock responded with enthusiasm. But as usual, after the initial exuberance wanes, investor demands not just good future projections but implementation and execution too. Nothing against the stock or the company or Mr. Sikka's leadership but it is the nature of publically traded company's investors to constantly seek for the next bone to chew for. If they don't get it, they will throw tantrums and become impatient.
So while the new leadership is executing those rosy ideas, stock may not move much in upward direction until it is backed by solid numbers.
We got into Infosys around July last year and trading with upward bias with holding core long position since then. But now it seems like a good time to cash in some and start writing upside calls on bounces ( covered call strategy ) to get that premium. Or buying puts during the bounce higher makes sense. Never short a good stock, buy put instead. And never write naked call options, no matter how bad the stock or the situation is.
INFY IS FORMING RAISING WEDGEINFY IS FORMING A RAISING WEDGE. CREATE SHORTS AT UPPER CHANNEL AND CLOSELY WATCH FOR THE LOWER TREND LINE. FOR NOW ONE CAN SIT ON SHORTS AS THE MOMENTUM IS DYING
INFY Day Trade (Brad Reed Jan9,2015)INFY expected to open at 34.40 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
