INFY SHORT TERM PROJECTIONInfy has just finished the abc correction and started the last leg down
Strong support levels are placed in the chart
stoploss above 673
INFY trade ideas
PREPARE NEXT WEEK FOR #PROFITABLE ENTRIES - INFY - 30MN - INDIAThank you for your likes! Please share to benefit everyone! Much appreciated!
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High potential of profitable entries next week as the INFY INFOSYS price has returned to its historical super strong line .
This line has been reverting from powerful support to massive resistance line.
The market has a high probability to go away from this actual point. This elastic movement could lead in the future to a new type of trend.
Above the price, the first resistance R' which can become a pullback point . Same for under, the support S' which can be a point of pullback up . This showing a new ranging trend of the INFY.
Breaks might happen:
- If the market breaks the S' support line , we could observe a nice downtrend before observing a recovery back to the black center line.
- If the market breaks the R' resistance line , we could see the market first testing the previous uptrend support line which will become a potential pullback zone.
Keep in mind:
The volume down there is important and has to be higher than the dotted line traced i n order to make a decisio n having better probability to succeed.
Tradesignals.io - Infy price target - 600Hello Investors,
Let's watch the ride of Infosys, it has some good valuations but fair price value is coming to Rs.600 based on technical analysis.
INFY - ABCD PATTERNStock looks good, as long as it is holding 666 levels, it is heading towards 750 levels.
Trade Type : Positional
TRGT :750
Stop 666, trail stop 674
Minor Resistance at 700 levels, above which it can zoom fast.
Do not follow blindly, please do your own research.
INFOSYS POSITIONAL SHORT "PITCHFORK"Short in the range of 650-660 , trend line is broken but there are chances of it taking support in that range and continue with its upward journey.
Contrarian Call if resistance is broken look for longs above 690.
Simple outlook...I don't trade Indian stocks but this chart pattern is pretty straight forward.
770 is my target. Be wary in holding India stocks or indices for a long haul though.
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.
MACD+VWAP+EMA - Buy StrategyTimeframe: 1H
MACD CROSSOVER must happen in OVERSOLD zone only i.e below 0 line
CANDLE ABOVE VWAP is good signal but not necessary
200 EMA LINE shows whether stock is uptrend or downtrend
RISK MANAGEMENT: Must take trade with 2:1 Target/SL ratio
Check Volume too if it's in your favor
DON'T TAKE TRADE IF NOT SURE
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.
Buy, after a "Dip"Infy does look like it going to make higher highs, however I would suggest to wait for a Higher "Low " before going long on this. The corrective pattern that Infy is doing is a simple ABC flat and I think the C down is pending. Post completion, it can resume its up move. One might even look for a short term short opportunity depending on the entry technique. From where it stands, I think Infy is a down first, Up next.
** This is not a trade advice**
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.
