Infosys - Nearing the important Resistance level720 has been a big resistance for this stock. A move higher is possible only on closing above 720 levels.
0XSE trade ideas
INFY - GO SHORT @ 735 FOR A RR OF 1:6 BY MID-JULYINFY - GO SHORT @ 735 WITH A SL OF 760 AND A TARGET OF 600. TARGET SHOULD BE ACHIEVED BY MID-JULY
Add #INFOSYS in your Watch listLook at Infosys Daily chart. It looks beautiful on TA. Recently it broke the resistance level, but again its trading under those levels. Also the short term trendline is supporting the stock. Once it breaks the short term trendline, it can rally further downside. Need to closely watch the stock.
0% luck, and 100% SKill are required to become a good trader. You need to need get a proper trading plan.
Few Takeways to become a good trader:
1. Never risk more than 1% of your capital
2. Before entering a trade you should know your Stoploss levels and Exit levels.
3. Dont be Greedy.
4. Trade in stock market like a business and not like gambling.
5. Train your mind to become a trader. Risk only that much which doesnt effects your daily life
INFY - Long Term/Medium/Short ViewFor me its a buy on dip stock for positional trading as long as its holding 650 levels on the downside.
Stock has been facing resistance around 715-720 levels from past one month but is able to sustain 695 - 700 levels from past 10 sessions.
Hence holding 690 levels can lead stock to 770+ levels on the upside.
Trend of the stock is on upside on all time-frames , thus following are the levels that should be watched.
Short term support 690
Medium term support 650
Long Term support 460- 500
INFOSYS - Bullish Trend ContinuationInfosys Bullish Trend Alert.
Best buy at 705-706.
Target 725 with SL 700.
Seems to be bullish for swing as well as long term.
Infosys. (Still in the zone)Infosys. View still is intact as the previous idea the chart is updated as per the price movement in the last 3 days and as you can see the consolidation continues.
Infosys (Ready for a Breakaway ?)Infosys has been consolidating in a certain range now and has formed a Triangle formation, which is on the verge of a completion. A breakout on either side is highly possible as soon as tomorrow. The yellow lines can be treated as targets, even though there are certain other levels to watch out but the rally should be strong enough. They can be treated as Target 1.
With the Other IT stocks, giving a breakaway move and a pretty strong one is it time for Infosys to do the same ?
Infosys Buy Intraday tgt 700Infosys is at now resistance once break 691 in spot can be a good intraday buy for 700 tgts sl below 680. Risk Reward is less. almost near to 1:1.
INFY-THE PERFECT OPPORTUNITY TO GET AN UPPER HAND OVER BEARS?INFOSYS has broken a small trendline resistance of 683 and managed to give a closing above 690,things would be in total control for bulls if there is a closing above 700 for a target of 725/745 because the most important thing is that infosys today filled its island reversal gap and was able to sustain that gap on upper side which was missing in earlier moves.
