INFY Daily looking like its bear flaggingInfosys on the daily looking like its bear flagging. The Stock has fallen from 1900+ to 1600 now within past 2 months. However, the daily does not look promising as it's forming a bear flag.
Below is my plan
Wait to see if INFY can get above 1650 to initiate any longs or
Wait to see if INFY crack
Key facts today
Infosys Ltd is projected to report a quarterly revenue of $4.87 billion for the period ending March 31, 2025, reflecting a 6.7% increase, with earnings announcement scheduled for April 17, 2025.
Infosys has received an upgrade to a 'Neutral' rating from 'Negative' by Susquehanna.
Infosys experienced a 1% increase in its American Depositary Receipts (ADRs) during recent trading, aligning with the overall positive performance of South Asian equities.
Next report date
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Report period
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EPS estimate
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Revenue estimate
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0.80 USD
3.17 B USD
18.56 B USD
4.15 B
About INFOSYS LTD
Sector
Industry
CEO
Salil S. Parekh
Website
Headquarters
Bangalore
Founded
1996
FIGI
BBG000BSGQL7
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation. Its segments are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH).
Infy Analysis Past and short termInfy has been a good stock for beginners or well-versed investors. They have consistently grown their earnings and have rarely caused turmoil. With Tariff concerns of US and FII selling, I think the max drop that would happen is around 1420 by the end of March. I would be setting up GTTs around 1500
Review and plan for 13th March 2025 Nifty future and banknifty future analysis and intraday plan.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
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