Infy, ConsolidationPrice again at the resistance level, this is decisive. Now it may give a breakout or go back to support level.
INFY trade ideas
Infy, CTContracting Triangles (CT) are difficult to trade. In this case there is formation of CT in the recent past and price oved upside. This time will the same be repeated? Let us wait and watch.
Infy, ConsolidationInfy is in consolidation mode and at the moment it is caught between 1178 and 1207. If price can close above 1207, it can be a breakout. Else price can again come down to 1178 seeking support. Larger trend is up.
Infy, ConsolidationAs stated in the previous post, 1206 plays as the tough resistance and bulls tried their best the cross the resistance and today they seem to give up. Now price can go down towards the support level of this consolidation band.
Infy, BreakoutBulls tried to push price above breakout line but could not close the day above the same. 1204 is the strong resistance. If this line of resistance is conquered, then logical target is plus 100 points which is the breadth of the consolidation range (1100 to 1200).
Jnfy, ConsolidationPrice his reaching the resistance zone (same as GodrejCP). It is at a crucial level. Breakout is possible. It is not a sell at resistance but a buy on correction. See what has happened to GodrejCP. After the breakout, price has pulled back towards the breakout line.
Infy, ConsolidationInfy coming down to the support zone of the price consolidation band. Buying close to this support line makes SL smaller.
It was not a bad decision to remove Vishal Sikka and appoint Salil Parekh. Many with vested interest shouted at Murthy. Price of Infy shows that Murthy was correct.
Infy, ConsolidationThis IT major is in bull market and after a steady rise entered into the phase of consolidation in a well-defined narrow range. It is a buy at the support zone and NOT a sell at the resistance line. We don't know when a breakout may take the price to new highs.
BUY INFY AT 1140 WITH A TARGET OF 1270 AND STOPLOSS OF 1100INFY HAS FORMED A TRAINGLE IN THE 4TH WAVE WHICH WILL BREAK AND END THE 5TH WAVE AT 1270 AT LEAST.
INFY with a bullish viewNSE:INFY is currently trading in channel.
Could be bought in range of 1148-1152. CMP 1154
INFY is having support at 1143.
Target 1: 1175
Target 2: 1192
Target 3: 1220
infosys buybuy signal has been generated one can buy @ 1177 keep stop loss of 1164, first target is 1188 , second target is 1220. do at your own risk
Trend reversal from highs. Go short on a pullbackEntry on a pullback: 1158
Stop loss:1184
Target: 1098
Risk:reward = 1:2
BUY SETUP NOWDAILY FINANCIAL WISDOM: The world is full of trading techniques and strategies that work until they don't work...
Infosys new boss new airsSince January 2, Infosys has a new CEO who, under the eyes of specialists, brings new airs and clear goals.
At least from here to the next resistance we must see Infosys rise like a champion.
Infosys Struggling to hold on to support level - Short setupInfosys seems to be struggling to hold on to support level of 915-905 on weekly charts.
The chart structure looks really weak and a break below 900 would drag it to levels of 840 levels which should potentially act as the next support level (July - Aug 2014 level).
Trading strategy :
Short @ current level of 916
Keep stop @ 954
Target price : 840
Reward to risk - 2:1
Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
