INFY - D :: POTENTIALLY RISK (OPERATE REMOTELY)According to a survey that the company conducted with interbrand, data breaches could potentially risk up to 223 billion in value of the worlds top 100 brands. Further, that risk has presumabley only increased because of the Covid-19 pandemic forcing employees of major corporations to operate remotely.
INFY trade ideas
INFY <> Correction before a healthy move to 1574RSI : Over bought
Volatility : Going down.
Infy is probably loosing momentum and should test support in the range of 1400 - 1450 for a healthy upward moment of 1574 - 1620.
If it goes up further, it can move till 1574 and then test 1500 as a support level.
Cup with handle breakout for InfosysSpotted cup with handle pattern for Infosys Ltd in NYSE. Unsuccessful breakout on the 8th June at the neckline at $19.50. Let's see if the big volume comes in to give the push to break out.
Dislaimer :
This is by no means a recommendation to buy. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any investment decision.