INFY trade ideas
Buy INFOSYS1. Infosys made a low of 1068 on 29/02/2016 and made a high of 1268 on 18/04/16 , drawing fibonacci retracements from these levels , we find that stock is retracing from 1168 that is 50 % retracement .
2. Loooking at the chart of Infosys it looks like it is holding the support by sustaining above the trendline drawn.
3. on Wednesday , Infosys formed a Dragonfly Doji candlestick , which signals that downtrend or correction in this stock is over , and reversal is expected
so One should buy Infosys for target of 1220 and SL OF 1165 .
INFY IS FORMING 30 MIN CHANNELINFY IS FORMING A CHANNEL ON 30 MIN CHART. MACD IS CONSOLIDATING WE MAY SEE A BOOM MOVE
INFY IS FORMING RAISING WEDGEINFY IS FORMING A RAISING WEDGE. CREATE SHORTS AT UPPER CHANNEL AND CLOSELY WATCH FOR THE LOWER TREND LINE. FOR NOW ONE CAN SIT ON SHORTS AS THE MOMENTUM IS DYING
INFY FORMING A RISING WEDGE INFY IS FORMING A RAISING WEDGE. CREATE SHORTS AT UPPER CHANNEL AND CLOSELY WATCH FOR THE LOWER TREND LINE. FOR NOW ONE CAN SIT ON SHORTS AS THE MOMENTUM IS DYING
INFOSYS "2618 Bearish Strategy"2618 Trade setup stands for two key things,
1. Double top confirmation
2. 61.8 Retracement
Both the above conditions are fulfilled and in my opinion it should go down to 1020 levels.
Key breakout will be at Target 1
Will Earning Give the Boost it needs?The company will report this week, and the chart is within the Hchannel and last week held the support and back in the channel. Realtime alert go www.2waytrading.com
INFY Day Trade (Brad Reed Jan9,2015)INFY expected to open at 34.40 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
