INFOSYS: IS STRUGGLING to Get DIRECTION ? Is waiting for Q1 Result? How to manage Rupee Appreciation is KEY Challenge for Mgmt. Revenue may be in Pressure, Due to Major Earnings from USA. KEY Factor is USD/INR & EUR/INR USD: Trading Range in Q1 High - 65.175, LOW - 63.92 Compare to Q4 High - 68.645, LOW - 64.79 So, Cross Currency MATTERS.
WHEN THERE IS NO CONFIRM PATTERN Fibonacci WORKS: Here is Some Fibonacci: C = FIB R 0.886 of AB D = FIB R 0.671 of BC & FIB Ext 0.618 of ABC E = FIB R 0.886 of CD & FIB Ext 0.59 of BCD F = FIB R 0.618 of DE, FIB R 0.34 of CD & FIB Ext 0.236 of BCD Extreme SUPPORT (REVERSAL Zone, Can say Last Line of Defence for BULLS): #1. @ 898.50FIB R 1.13 of AB & FIB R 1.272 of EF #2. @ 885.70 FIB R 1.272 of AB & FIB R 1.414 of EF
Triple TOP (Intermediate RESISTANCE.) / Break-OUT Zone: @ 965.85 to @ 969.65 Double Bottom (SUPPORT Zone) / Break-Down Zone: @ 923 to @ 916
Some levels are in Description & Chart. Intraday / Positional CASH & Fut. Levels will be Updated Later.
Scenario #2: Bearish GARTLEY IF in Bull's Control
Scenario #1: Bearish SHARK, IF in Bear Control
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
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Comparative Chart: INFOSYS, USD-INR ($), EURO-INR
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Broken RESISTANCE Zone(mentioned Triple TOP) @ 965.85 to @ 969.65 LTP: @ 975.85 (at 11 AM 12/07/2017)
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Treat (Triple TOP Zone) @ 965.85 to @ 969.65 as SUPPORT.
トレード終了: 利益確定目標に到達
Notice Mentioned Target Arrow (red dotted) @ 106 Friday made High @ 106.85