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Infyforecast

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