Great Dip Buy opportunity on INFY for 10%+ ReturnINFY has reached a 1 year low and a strong support line. Great time to buy INFY for an easy 10%+ return
INFY trade ideas
Will INFY try to close the gap?INFY had huge gap down but is looking strong off the 200 Weekly SMA. Decent risk/reward to close the gap.
Infosys - News Break SupportsSupport levels: 759, 753, 743, 737, 712, 706, 697, 692, 677, 651, 636
Based on news breaks supports.
INFYinfy at strong support on diagonal and horizontal support
wait for the proper breakout or breakdown
INFY cheap after earnings dropInfosys dropped sharply after earnings despite a slight earnings and revenue beat and raised revenue guidance. Analyst reactions were mixed, with some raising price targets and others lowering them. The average price target of $12 per share implies 13% upside from the current price. S&P Capital IQ rates the stock undervalued. When a stock moves the wrong direction after earnings, that's usually a sign that the stock price had gotten ahead of itself. Corrections like this offer a buying opportunity for the contrarian investor, however. Infosys appears to be making a morning star candle stick, which is a sign that it may be gearing up to bounce. You could buy it here near the support, or you could wait for the trend line cross and then buy the next dip after that.
INFOSYS SPOT CHART DOUBLE TOP IN 15M HI EVERYONE!
INFOSYS SPOT CHART FORMED DOUBLE TOP IN 15M..IN INFOSYS FUTURES CHART DOUBLE TOP WILL BE CLEAR..
TODAY OCT 11 Q2 RESULT WILL BE THERE
DON'T GO BUY..GO SELL..
TARGET 785 WILL BE HIT ON MONDAY OCT 14
THANK YOU EVERYONE!
KEEP SUPPORTING!!
May be infy will form a Head And Sholder, as per techinically may it will take a support on 764 ,if not it will go down till 700 possiable
Infy under scannerTomorrow's PA important for Infy, RSI and volume on rise, if trades above yesterday's high on 15 min TF, targets can be set to 805-809-811 swing.
Wait for levels before entering.
Bias - Bullish
View negated if trades below 775 for more than 15 mins.
Infosys Chart StudyPlease refer to the text on Chart and follow. Make sure to follow a 1 hour candle close.
If anyone wishes to enter, make entries using 15 min chart.
Note :- Please do your own research if trades are to be taken.
INFYEvening star formation on Daily Time frame.
Looks to be going down now.
But on lower time frame already was moving in a downward channel.. Need to see if it will break upside or continue downwards.
Fibo levels also plotted...
