INFY trade ideas
INFY intraday and positional on 6th October 2022Hi good morning
please refer the today's study on the indices for the detailed view on indices and all here i am discussion about the INFY i.e. after crossing days high and giving the 15 min candle close above that level i.e. the 3 -- 5 min candle above that level then we see a up move towards the 1471 because the CE start unwinding which favors the up move and the 1500 is a Psychological level with a 28Lk OI and then 1560 is a level because no CE writing till tat level so 1550 then we may see a consolidation
Disclaimer -- I may have some positions in some of highlighted stocks and this is only study for understanding purposed of the data and the patterns I am not saying anyone to buy any of these picks discussed here i am not SEBI Registered
INFOSYS - LONG FutureHello all,
if you see infy have reached bottom made post 18 April ( 5 months) but low is not below it.
On fundamental with with FY24 EPS as 65 and PE 20 = 1300, we can take risk of 150 points.
My plan is make future long with no call writing for now.
Risk is 300 *150 = 45000 /-
Upside = 300 *300 = 90000 /-
if anyone is interested can try this.
ideally I write Infy call for 1400.
Its a risky bet
INFOSYS, TECHNICALS and its WAVES!!INFOSYS is showing a RSI DIVERGENCE, with H&S.
i have drawn correction waves, after that it needs to get its bull run, since from past few days, nifty IT, IS getting corrected a lot, because of American news, so this made its bearish trend to continue, and reach its support(which started before the bull run).
this month will be a bearish nature of INFOSYS.