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Infosys ltd


Accumulate@CMP3075, Target 3350 - 3750 Plus, Stop 2900.

Analysis: We have Bullish view on Infosys, as per band theory It has gave a positive reversal from greed band 2830 support level & Broken out from intermediate downtrend, after sharp downfall from all time high of 3849 prices has shown support with Doji candle pattern at lower level of greed Band, On yesterdays rally Infosys gave bullish candle on daily basis with close 3075 above last two weeks high levels, we see above 3070 prices has entered in bullish trend, prices has retrace 61.8% level in this fall from previous bottom level and  one positive candle confirming new upcoming positive trend.

We are expecting this reversal from lower level of greed band prices will roar to upside targets of 3400 - 3750 in coming months, We advices to accumulate Infosys at CMP 3075 for target of 3400 -3750 and 2900 is the stop loss for trade.

  • Fibonacci Retracement levels

At 50.0%    Retracement -  3300
At 61.8%    Retracement -  3450   
{3450 -3600}  There is a huge gap here which will be filled
At 78.6%    Retracement - 3600
At100%      Retracement - 3800    

  •   52 weeks High / Low
1)    52Weeks High: 3847.20 (03 Mar 2014)
2)    52 Weeks Low: 2343.00 (20 Jun 2013)

RSI Indicators has give confirm positive reversal from oversold & making higher tops & bottoms.

ADX: The ADX Indicator is showing positive indication for bullish rally in Infosys upcoming period. As per the ADX Indicator Plus Directional Indicator (+DI) is very close give buy signal on daily basis & Minus Directional Indicator (-DI) given reversal from power trend zone, 

Infosys Ltd(Daily Chart)

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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