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INFOSYS LTD.INFOSYS LTD.INFOSYS LTD.

INFOSYS LTD.

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INFY trade ideas

Infosys (A Hanging Bear Ready to Fall ? )Infosys Stands at a crucial juncture wherein it has broken out of its trend line, and is testing another trend line stretched through from the 5th of March. A good supply zone sits at it's current level with a good demand zone somewhere around 653 levels. After its recent upmove which also broke the channel which it was creating on a daily time frame, the price is back into the channel showing a phase of consistent consolidation. Any move away from the channel will be a crucial and a strong move. The markets are looking weak with negative sentiments and inconsistent absorption of results. People are looking for the silver lining but it isnt visible just yet. The stock should be looking for a move in the coming days. It did have a range today but ended almost within the opening levels which shows an area of indecision. Any breach of the trend lines might give a good momentum trade.
NSE:INFY
by vinayak.mohta5
INFY - Long term is still upInfy bounced from the long term trend line . This Trend-line has 4 touch points, any tend-line having more than 3 touches are considered as important and the support it provides works as a major support. Since i work on harmonics i can see in Sep 2017, stock formed cypher pattern and the prices zooms from its prz zone and this time stock again formed cypher pattern and bounced from its support zone meaning its following the same pattern. From recent lows stock is already up by 38% and possibly it could spendssome time consolidation before taking another flight. When the whole market is in bears hand ,this stock refuses to fall and bounces with much strength , all this suggesting that it could be a leader in the upcoming bull market.
NSE:INFYLong
by manuagarwal21
1
INFOSYS + $9.50 Short Call + Bull Run PotentialI believe in the next few weeks or month, a $9.50 positive correlation price target for Infosys is quite possible. I also think given other's bullish outlook, that a bull run for a long term hold could be quite possible. That being said, please take into account what I said as just an opinion and not face value. I do think though that INFOSYS is a conservative stock pick and wouldn't classify it as too high risk or even medium risk.
NSE:INFYLong
by gamer456148