INFY trade ideas
$INFY INFOSYS GETS 4 DOWNGRADES IN 1 DAY SHORT SHORT.Infosys has had quite a nice stock price increase growing by 70% in 2 years. Despite the growth all good things must come to a end, it is time for a pullback which could be considerable. Today the 15th April analyst's have released 4 downgrades of the stock which is quite a consensus stimulated by the companies earnings release last week, growth and earnings are believed to be slowing. We see this as a great short opportunity given the indicators and recent price action.
Bullish Opportunity Formulating - 4hr Interval - INFYHello Successful Investors,
The stock (INFO) will be releasing its ER (Earnings Report) today (April 12th). Considering the positive information (upside of 10.4% according to Yahoo Finance), there is a viable opportunity to believe that will be a push towards (bullish) territory. Be aware of various market markers and their ability to fluctuate PA (Price Action) immensely.
Resistance Level 1 - (11.20 - 11.50) 30 cent interval
Key Price Zone (KPZ) - (10.85 - 11.15) 30 cent interval
Support Level 1 - (8.85 - 8.15) 30 cent interval
Furthermore, be patient as their will always be numerous opportunities.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Mindful and Stick To Your Trading Plan)***
-LionGate