A TECHNICAL VIEW ON INFOSYS LTD-14.6.2024

 

INFOSYS LTD

SECTOR: -- I.T Services & Consulting. 

All-Time High:--1953.90 made on 17.1.2022.

All-Time Low: -- .71 made in 1995.

Recent Low:-1185.30 made on 17.4.2023. 

Open-1495--High-1505--Low-1489.35—Close-1493.95 on 13.6.2024. 

Support:1488/1486/1468/1446.80/1427/1410/1403/1378/1366.65/1358/1353/1351/1311/1305/1263/1185.30. 

Resistance:1518.25/1539/1542.90/1576/1593/1619.75/1635/1655--1665/1672.60/1687/1711/1733/1788/1808/1848/1914/1923/1953.90. 

(Bold and underlined figures are most important) 

Technically it is on a weak footing and in the deep correction mode now, but it seems that it is consolidating here. However moving down from here it has very strong support range of 1446.80----1366.80-----1340 and as of now it seem to be the worst price range for the stock, but sustained break below 1340 can drag it down to 1185 and break below it can pull it down to the range of 975---800. Similarly moving up it will face stiff resistance at 1539---1542.90---1619.75---1655---1665----1800, please note that if it moves above 1539 & 1542.90 and sustain on the closing basis then it will get some strength for the up move to extend, sustained break above 1619.75 on the closing basis will strengthen the up move further and finally sustained close above the range of 1655—1665 will put it back of the up momentum track and finally sustained close above 1800 will somewhat ensure that it could retest its all-time high of 1953.60 or may go beyond it also. Please note that sustained close above 1953.60 can take it up to much higher levels and then the upside target could be 2160---2247---2339---2428---2721---2945. 

POSSIBLE BUYING OR ACCUMULATION RANGE:-

1. 1446---1350. (It seems that it is not likely to move below this range as of now)

2. 1295---1185.

3. 975----800.

NOTE:--ONE CAN BUY TOKEN QUANTITY AT CMP ALSO. IT IS NOT A TRADING STOCK NOW.

REMARKS: - I once again repeat that it is not a trading stock now but investor with a time horizon of 18-24 months can accumulate the stock on decline in a staggered manner. It is expected to fetch you a return of 40—50% or more. 

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

A TECHNICAL UPDATE ON INFOSYS LTD—1.3.2023.

 

 INFOSYS LTD

Open—1515--High—1524--Low—1481.30--Close—1487.55 on 28.2.2023.

Support: /1482.45/1446.50/1410/1399.25/1367/1355/1311/1244/1231/1186/1051/986.

Resistance: 1496.35/1507.40/1508.20/1514/1532.65/1564/1575/1613/1619.75/1631.35/1655/1672/1691/1709/1735/1757/1788/1809/1848/1914/1923/1953.90.

 (Bold and underlined figures are most important)

FOR TRADERS

The overall technical setup is weak and it is into deep corrective mode as it is way below its threshold point of 1613 and most importantly it is into bear market territory as it is below its threshold point of 1564, furthermore it is also below its two critical points of 1514 & 1508.20(valid for 2023) which is concerning and can drag it down further from here. Please note that sustained break below 1355 may witness an accelerated fall. Therefore for safe trader’s long trade should be avoided till it moves above 1564 and sustain on the closing basis, please note that it will pick up strong up momentum only once it sustains above 1613 on the closing basis. However aggressive traders can try long trade if it moves above 1514 and sustain on the closing basis with a stop loss of 1490 or going down at important support points (see the support level mentioned above) with self defined stop losses for pullback gains. Since it is in corrective mode therefore sell on the rise or sell on the price breakdown strategy should be adopted till it moves above 1564 and sustain on the closing basis or till it gives visible sign of  correction completion.

FOR INVESTOR

Kindly note that it is a high pedigree stock and one can get these types of stock cheaper only when they are technically weak. It is therefore suggested to accumulate the stock in a staggered manner on every deep decline day with time horizon of 3-5 years for decent gains. Moving down the good buying points could be at 1446---1402---1355---1268---1200---1061---850---798. For example one can initiate buying with 5% of the designated investment amount for the stock in the range of 1446---1402, 10% amount near 1355 and so on; it is suggested to increase the buying % on a very steep decline. It is important to mention here that as of now the range of 1230—1200 seems to be the worst price range for the stock on decline, but if it break 1200 and sustain then it could come down to 950 or much lower ,which may please be noted. Therefore it is suggested to structure your investment with due caution.

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic updating, which may please be noted.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

 

TRADING CALLS FOR 22-12-2016

TRADING CALLS

1. ACC.

Sell below -1295, S/L-1305, Target-1284/1272/1269/1256.

2. ASHOK LEYLAND.

Sell below -77.30, S/L-78.50, Target-76.55/76.05/74.85/74.30/73.50.                                            

                                    

3. GLENMARK PHARMA.

Sell below -937, S/L-942, Target-927/923/910/896/887.

                             

4. HCL TECH.

Sell below -815, S/L-822, Target-796/793/790/783/771.

5. HERO MOTOR CORP.

Sell below-3015, S/L-3023, Target-2973/2962/2933.

6. INFOSYS.

Sell below-998, S/L-1005, Target-898/965/958/945/930.

7. L & T.

Sell below -1340, S/L-1346, Target-1336/1304/1295/1236.     

8. TATA MOTORS.

Sell below -467, S/L-470, Target-462/451/443/432.

9. TCS.

Sell below -2305, S/L-2316, Target-2287/2252/2242/2202.

10. TATA STEEL.

Sell below -401, S/L-404, Target-398/391/383/377.

Note: Price stated here is of spot market.

  

                              

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Contact me for strategic guidance to enter and exit the trade

TRADING CALLS FOR--31-12-2015

TRADING CALLS FOR ---8-10-2015

TRADING CALLS FOR-7-10-2015

TRADING CALLS FOR--13-7-2015

Trading Calls For---23-2-2015

Trading Calls For-23-1-2015

Trading Calls For--19-1-2015

Trading Calls For-8-9-14

Trading Calls For --1-9-14

Trading Calla For-25-8-14

Trading Calls For 21-7-14

Trading Tips (For 20-5-14/6 Sell Calls and 1 Buy Call)

1.INFOSYS  CMP RS.3015 ON 19-5-14

  Sell below  3000 with a stop loss of Rs.3020 for a target of Rs.2920

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 

2.AMBUJA CEMENTS CMP RS.219.40 ON 19-5-14

  Sell  below  218.10with a stop loss of Rs.220 for a target of Rs.208

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 
3.TATA MOTORS CMP RS.444.40 ON 19-5-14

  Sell below 442.80 with a stop loss of Rs.445 for a target of Rs.434

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.



4.HIND UNILEVER CMP RS. 555.80 ON 19-5-14

  Sell below  551.55 with a stop loss of Rs.553 for a target of Rs.539

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.



5.LUPIN CMP RS.914.30 ON 19-5-14

  Sell  below 905 with a stop loss of Rs 915 for a target of Rs.870

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.



6.TECH MAHINDRA CMP RS.1738.75 ON 19-5-14

  Sell below 1730.65 with a stop loss of Rs.1740 for a target of Rs.1680

REMARKS;- Sell Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 
7.TITAN COMPANY CMP RS.307.30 ON 19-5-14

  Buy above  307.30 with a stop loss of Rs.304 for a target of Rs.322

REMARKS;- Buy Call for the day 20-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

 


NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                   2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                   3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit

Trading Tips For (8-5-14)

1.ACC LTD CMP RS.1271.70 on 7-5-14

Sell below 1296 with a stop loss of Rs.1317 for a target of Rs.1217

REMARKS;-It is a Positional sell Call ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.


2.ADANI ENTERPRISES CMP RS.427.45 ON 7-5-14

Sell below 425.15 with a stop loss of Rs.430 for a target of Rs.412

REMARKS;- Sell Call for the day 8-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.


3.HCL TECH  CMP RS.1320.80 ON 7-5-14

Sell below 1316 with a stop loss of Rs.1335 for a target of Rs1250

REMARKS;- Sell Call for the day 8-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving theother way.


4.INFOSYS  CMP RS.3067.35 ON 7-5-14

Sell below Rs.3067 with a stop loss of Rs.3080 for a target of Rs2980

REMARKS;- Sell Call for the day 8-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

5.LUPIN LABSCMP RS.990 on 7-5-14

Sell below 1020 with a stop loss of Rs.1030 for a target of Rs.938.

REMARKS;-It is a Positional sell Call ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.


6.TCS  CMP RS.2165. ON 7-5-14

Sell below Rs.2165 with a stop loss of Rs.2180 for a target of Rs2100

REMARKS;- Sell Call for the day 8-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

7.TECH MAHINDRA CMP RS.1736.45 ON 7-5-14

Sell below Rs.1736 with a stop loss of Rs.1750 for a target of Rs1685

REMARKS;- Sell Call for the day 8-5-14 ,at least make cost your stop loss in favorable trade so that you cannot make  loss if market start  moving the other way.

      NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.

                  2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.

                  3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 

 Contact me for strategic guidance to enter and exit the trade

Trading Ideas For-10.4.2014

ACC LTD:-CMP RS.1373.15 ON 9.4.2014

Sell below Rs.1366/ with a stop loss of Rs.1374/ for a target of Rs.1345-1336.

BHEL:- CMP RS.181.60 ON 9.4.2014

Try going long at current level or near 177-178 with a stop-loss of Rs.175/ for a target of 189 / 192 / 196 /

HCL TECH:-CMP RS.1380.25 ON 9.4.2014

In down correction  but near multi bottom support area of Rs.1364,so there are two trading option- please select your option  after market opens and seeing the movement of the stock.

1.Go long at current level or near 1364 with a stop-loss of Rs.1360 for a target of 1412 / 1423 / 1440.
2.Go short below Rs.1364/ with a stop-loss of Rs.1370 for a target of Rs.1270 / 1230

INFOSYS LTD:-CMP RS.3254.55

Trend is down  but near strong support area of Rs.3215,so there are two trading option- please select your option  after market opens and seeing the movement of the stock.

1.Go long at current level or near 3220-25 with a stop-loss of Rs.3200 for a target of 3314.
2.Go short below Rs.3215 with a stop-loss of Rs.3220 for a target of Rs.3140 / 3025

 Contact me for strategic guidance to enter and exit the trade