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INFOSYS LTD DRN EDINFOSYS LTD DRN EDINFOSYS LTD DRN ED

INFOSYS LTD DRN ED

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I1FO34 trade ideas

Infosys going back to 1200?INFY has been in a bearish structure on the daily chart since March 23. It had gapped down to 1190 levels in April after a bad surprise in results. It has pulled back to the 1280 area which is the base of the gap. If selling pressure continues, a short position could be considered keeping the following levels in mind: SHORT BELOW: 1254.25 STOP LOSS: 1279 TARGET 1: 1229.50 TARGET 2: 1204.75 Please do wait for at least a 15 min candle close below the "SHORT BELOW" level before initiating the trade. _______________________________________________________________________________________________________________________________
NSE:INFYShort
by Tradeception_
Infy - Cup and Handle - waiting for breakoutReasons for the cup and handle to breakout: Infy - Cup and Handle - waiting for breakout Retest done at RBR candle in daily Huge possibility for gap filling Nasdaq has tested the current supply zone multiple times and ready for breakout TCS is in the clear up trend. Some short covering positions is holding the infy to breakout. Huge OI is formed at 1300 levels, so 1280, 1260 will see a short covering positions which is pulling the current selling. Today's close is above the RBR demand area which is a positive sign.
NSE:INFYLong
by sam669999999999
What if you have infosys in your portfolio? Many of you must be having Infosys in your portfolio. Even I have it. There is a short term pain for all of you but here is some data that can help you in making your decision. I will be holding it but it is not necessary that you should do the same. Is the long term story in the company intact? Ans: Yes. Why will I be holding majority of my Infosys share? Because it is a premier Indian IT services company. For me the growth has diluted but not the story. Secondly my entry point is quiet low. Infosys, TCS and Reliance in the reverse order where the first shares that I bought in my account. There is chance of recession in West and IT sector may get affected due to it as a whole. Off late I am not very very happy with some Management moves by Infosys at a deep level. I feel that TCS and LTIM and few other IT firms like Tech Mahindra and HCL Tech may out pace Infosys in a short run. But Infosys is too big an organization and can definitely surprise us by giving a great result next quarter or after next one or Two Quarters. I have expressed my opinion. You can take a call based on your judgement. The Chart covers almost 25 year channel of Infosys. Support levels are: 1191, 1064 and 972. Resistance levels: 1263, 1311, 1368 and finally 1432.
NSE:INFY
by Happy_Candles_Investment
INFOSYS: Potential stock INFOSYS Cmp 1389-1390 Near support zone 360-380 strong base Near make or break levels Can bounce from the support zone or fall till 1300 Also : I expect the quarter results to be dim too with Marginal growth in the company So : * Buy on strong candle formation * Sell below 1350 after a good close with SL 1360 (Also keep in mind the inverse cup n handle pattern too this makes the selling strong too) Pattern observed- Bearish cup n handle Pattern type- Bearish Note: This is just an idea not any personal recommendation for the stock to buy or sell with me.
NSE:INFY
by Paras_gujjar
1