INFY trade ideas
INFY Breakout retestingI am long on Infy. Results are this week. Buyback is on for discussion at 1550. Retesting of Breakout. Created its own bullish parallel channel. Will add again if prices go above 1460
INFOSYS BEFORE RESULTSA datailed recovery wave analysis on INFOSYS shows that, all the goods are digested by the market
Now more shorts(1500CE) are developing and low volume with rise in price is a trap for retailers
Its over one year to take some profits on hand by the smart investers. Don't you understand what's the hell is gonna happen?
Infy earnings due 14th April sitting at breakout Infosys near breakout zone....earnings due on 14gh April...strong relative strength
infosys ltdmarket is running over and over pick level. thats why market not gonna be correction more then last low.
It's ready to slideAfter falling on the 55-day moving average, it rises to the 26-day moving average, and the next fall loses the 99-day moving average and slides to 8.5.
Good industry leader worth lookingI really like the techniclas of NSE:INFY , it has done three breakouts with good volumen and it stayed strong during the market correction. The price is above its key MAs, is in the list of 52-week highs in Barchart and is ranked 4th in its industry by Investors Business Daily with a relative strengh rating of 81.
I mean is almost too perfect to be true so, I checked its quarterly revenues in Reuters and from 12/2019 to 03/2020 had +0.86%, from 03/2020 to 06/2020 was +1.72%, from 06/2020 to 09/2020 was +3.81% and from 09/2020 to 12/2020 was +5.71%. Its growth is growing, that's a really good sign.
Yesterday did a breakout of a third base so it may not be in its early stages but I think its worth to look at.
Infy - Once again in rally mood ;)Infy has a pennant breakout on horuly tf. taken daily support and bounced. Hopefully it will hit 1480-1500 this month. Targets on chart...
INFY - Testing resistance to break above for ATHInfosys still managing its uptrend on a daily candle. A double top already formed. Price failed to breakout above and price rejected but rejection does not look very strong. A long entry if the daily candle close above 1397.
MACD showing strong bullish momentum.
Infy Elliot wave analysisInfy Short for short term till 1200 from 1351-54 range. Wave counts are given
Infy Bearish gartley overheadinfy forming bearish gartley on daily TF. let see how price react at prz.
