INFOSYS LTD. - Daily - Technical analysis published on 06/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 10.60 USD
My targets
10.84 USD (+1.78%)
11.06 USD (+3.85%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on INFOSYS LTD. as long as the price remains well above 10.60 USD. The buyers” bullish objective is set at 10.84 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.06 USD. If there is any crossing, the next objective would be the resistance located at 11.32 USD.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INFOSYS LTD. rating is 10.65 USD. The price registered an increase of +0.00% on the session with the lowest point at 10.62 USD and the highest point at 10.68 USD. The deviation from the price is +0.28% for the low point and -0.28% for the high point.10.62
10.68
10.65
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this INFOSYS LTD. chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.70 | 9.90 | 10.60 | 10.65 | 10.84 | 11.06 | 11.32 |
| Change (%) | -8.92% | -7.04% | -0.47% | - | +1.78% | +3.85% | +6.29% |
| Change | -0.95 | -0.75 | -0.05 | - | +0.19 | +0.41 | +0.67 |
| Level | Major | Intermediate | Major | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.52 | 10.56 | 10.61 | 10.65 | 10.70 | 10.74 | 10.79 |
| Camarilla | 10.63 | 10.63 | 10.64 | 10.65 | 10.66 | 10.67 | 10.67 |
| Woodie | 10.52 | 10.56 | 10.60 | 10.65 | 10.69 | 10.74 | 10.78 |
| Fibonacci | 10.56 | 10.60 | 10.62 | 10.65 | 10.69 | 10.71 | 10.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.16 | 10.31 | 10.52 | 10.67 | 10.88 | 11.03 | 11.24 |
| Camarilla | 10.62 | 10.65 | 10.69 | 10.72 | 10.75 | 10.79 | 10.82 |
| Woodie | 10.18 | 10.32 | 10.54 | 10.69 | 10.90 | 11.05 | 11.26 |
| Fibonacci | 10.31 | 10.45 | 10.54 | 10.67 | 10.81 | 10.90 | 11.03 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.99 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 1.34 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 10.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.83 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 10.27 | |
| Zig ZAG (10): | 10.65 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 65.72 | |
| TEMA (21): | 10.76 | |
| Williams %R (14): | -39.20 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -0.9000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 5.21 |
| MA7: | 10.69 | |
| MA20: | 10.57 | |
| MA50: | 10.38 | |
| MA100: | 10.53 | |
| MAexp7: | 10.66 | |
| MAexp20: | 10.57 | |
| MAexp50: | 10.48 | |
| MAexp100: | 10.38 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | +2.60% | |
| Price / MA100: | +1.14% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.76% | |
| Price / MAexp50: | +1.62% | |
| Price / MAexp100: | +2.60% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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