INFY trade ideas
INFY - Elliott wave analysis Infy - It is in ABC zigzag move up after ABC correction finished downside. Go long near 1085 - 75 zone for C wave up as shown in chart. The up move may be the 5th wave as alternate count.
Infy It may directly raise towards 1160 level , buylimit @1079 would be a better bid with s/l 1057
Good trading
Noufal Mandalil
Infy - Bat Pattern ProbabilityInfy - Sustaining below 1100, the stock may move towards 1000 - 990 levels.
Infosys (Long Term Strategy)Hi Everyone,
We are witnessing a great period in the world especially the devastating effects due to new coronavirus waves across western countries, especially in Europe, Francy, Italy, the UK, and the US. There are recent national wide lockdown announcements in both France & UK. We are also expecting a lockdown in the US if Biden wins the election.
Having said talked about the above, the biggest beneficiary in this kind of scenario is the Technology Sector. For example Zoom, Apple, Fastly, Tesla have given 500% returns in a span of 6 months since the lockdown.
It is time to either start implementing Artificial intelligence for repetitive tasks or bring the robots to the manufacturing sector without involving any humans so the business goes as usual even though we face anything in the future.
As far as India, we don't have a technology leader or initiator- we are merely servicing the industry with knowledge and support to western companies. In this scenario, Infosys is the leader in such a service industry.
The more the lockdowns, the more the research and development required to accelerate the technology and implement it. I believe Infosys will benefit from this coronavirus.
Nevertheless, during a huge fall in the market, and share will be beaten down irrespective of their balance sheet. But it is always good to keep an eye on companies having strong fundamentals and established recurring clients to run the business.
Here is the strategy: With the new lockdown, we may see the share price fall to 900 or below.
Buy the shares around 900 or below with a long term view to average it (Don't put 100% at once, Start with 5% of investment and keep averaging as the market goes down)
I will keep you updated with the market scenario, currently, the market is in a panic situation and it is expected to continue for a short term.
Hope you liked my analysis, please let me know your comments
Disclaimer: This is an educational view :)
Thanks!
INFY Will retourne to decline next days !INFY Will retourne to decline next Weeks !
I Advais You to sell
TA 1000 INR
INFY (NSE) - Elliott wave analysis - sell set upINFY - It has completed bigger cycle up in 30 min time frame and now correcting down in abc cycle, where c is in progress and subdividing. sell near 1134-44 zone with stop loss above 1158.10 for target below 1088 or even lower up to 1072 as there was a price gap.
Give thumbs up if you really like the trade idea.
Infy goog short candidateInfy good short candidate
long term trendline resistance ,,
angular resistance line around 1190 levels
RSI indicator over bought,,,
square root resistance level at 1195
Good candidate to go short,,
down side 10-15% fall possible
view gets violated above 1212 on closing basis..
INFY (NIFTY50) - Elliott wave analysis - Buy set up INFY - It is in impulse 5th wave up, which is extending the price gain. It is in 5th of 3rd of 5th of 5th wave up. stay bullish in pull back near 1090 for target of new high. The risk reward ratio is getting down, so stay small in size.
Give thumbs up if you really like the trade idea.
Infosys - Time consuming Wave 4 correction is hereAfter a steep rise which I would consider it as Wave 3, the stock is now in Wave 4 correction which would take stock to the lower levels of 985-970 where buying should come and then again a new high can be seen for Wave 5 targets.
