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ParamjitMahapatro
25 sie 2017 13:12

Infosys looks bullish in medium to long term.  Long

INFOSYS LTDNSE

Opis

In monthly,

It is at ascending channel support. So it is expected to reverse and go up towards the channel resistance.
sl - 850 tgt1 - 1250 tgt2 - 1340.

In weekly,
hammer formed at channel support it can easily bounce to touch the channel resistance @ 1010.

Zlecenie aktywne

going good, till now 930.85

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in daily, it is moving in a symetric triangle , breakout direction will determine the future move.

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upward breakout here, uptrend should start soon here,

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price able to close above upper BB and bb is slowly turning from sideways to upward direction, initial sign of bullishness.

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price is moving up as expected , followup chart for reference,

Komentarz

moving up as expected, till now 1022.90 price brokeout of descending channel resistance

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in daily, price is sustaining above 20 ma, and BB is moving up ,

Komentarz

moving up as expected , today closed at 1039.35, total 13% gain till now.

Zlecenie aktywne

price is at horizontal resistance zone, it may correct for some days, but over-ally it is bullish.

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hidden bullish divergence seen in daily

Zlecenie aktywne

till now 1173, cheers.

Komentarz

cmp - 1178, currently it is moving in horizontal channel in daily


look for breakout.

Transakcja zamknięta: osiągnięto wyznaczony cel

total 52 % gain, finally 2nd target got achieved here, cheers...

Komentarze
k314
That was a fantastic analysis!
ParamjitMahapatro
@trex88, thanks a lot
Madhavrox
Can you provide a new update on Infosys
ParamjitMahapatro
@Madhavrox, plz check
Madhavrox
@ParamjitMahapatro, Result Tomorrow!
Madhavrox
@Madhavrox, Also for RSI what is a good time frame to check it with , daily/weekly/monthly? Also any good signals you think about RSI.
ParamjitMahapatro
@Madhavrox, I use RSI only to spot any divergence, depending on my trading style, I mostly use daily and weekly time frame to use RSI.
SocietyPlayer
@ParamjitMahapatro, can we see upward journey on Monday ?
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