INFOSYS LTD.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	INFY
ISIN:

INFOSYS LTD. - Daily - Technical analysis published on 10/14/2019 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 10.90 USD

My targets

10.42 USD (-2.07%)

10.04 USD (-5.64%)

My analysis

In the short term, we can see an acceleration in the bearish trend on INFOSYS LTD., which is a positive signal for sellers. As long as the price remains above 10.90 USD, a sale could be considered. The first bearish objective is located at 10.42 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.04 USD as an objective. Crossing it would then enable sellers to target 8.97 USD. If the price were to return above 10.90 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

FORCE

5.7

Comment on the analysis

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

INFOSYS LTD. rating 10.64 USD. On the day, this instrument lost -3.01% with the lowest point at 10.55 USD and the highest point at 10.95 USD. The deviation from the price is +0.85% for the low point and -2.83% for the high point.

10.55

10.95

10.64

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of INFOSYS LTD. indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.97	10.04	10.42	10.64	10.90	11.32	11.55
Change (%)	-15.70%	-5.64%	-2.07%	-	+2.44%	+6.39%	+8.55%
Change	-1.67	-0.60	-0.22	-	+0.26	+0.68	+0.91
Level	Minor	Major	Intermediate	-	Major	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.50	10.73	10.85	11.08	11.20	11.43	11.55
Camarilla	10.87	10.91	10.94	10.97	11.00	11.03	11.07
Woodie	10.45	10.70	10.80	11.05	11.15	11.40	11.50
Fibonacci	10.73	10.86	10.95	11.08	11.21	11.30	11.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.46	10.70	10.83	11.07	11.21	11.45	11.58
Camarilla	10.87	10.90	10.94	10.97	11.00	11.04	11.07
Woodie	10.41	10.67	10.78	11.05	11.16	11.42	11.53
Fibonacci	10.70	10.84	10.93	11.07	11.22	11.30	11.45

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.49	10.15	10.76	11.42	12.03	12.69	13.30
Camarilla	11.02	11.14	11.25	11.37	11.49	11.60	11.72
Woodie	9.47	10.14	10.74	11.41	12.01	12.68	13.28
Fibonacci	10.15	10.64	10.94	11.42	11.91	12.21	12.69

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	32.62
MACD (12,26,9):	-0.1200
Directional Movement:	-17.79
AROON (14):	-71.43
DEMA (21):	11.04
Parabolic SAR (0,02-0,02-0,2):	11.31
Elder Ray (13):	-0.35
Super Trend (3,10):	11.47
Zig ZAG (10):	10.60
VORTEX (21):	0.7800
Stochastique (14,3,5):	24.54
TEMA (21):	10.92
Williams %R (14):	-94.83
Chande Momentum Oscillator (20):	-0.53
Repulse (5,40,3):	-5.4600
ROCnROLL:	2
TRIX (15,9):	-0.0900
Courbe Coppock:	4.84

MA7:	11.08
MA20:	11.20
MA50:	11.27
MA100:	11.05
MAexp7:	11.00
MAexp20:	11.17
MAexp50:	11.21
MAexp100:	11.06
Price / MA7:	-3.97%
Price / MA20:	-5.00%
Price / MA50:	-5.59%
Price / MA100:	-3.71%
Price / MAexp7:	-3.27%
Price / MAexp20:	-4.74%
Price / MAexp50:	-5.08%
Price / MAexp100:	-3.80%

This member declared not having a position on this financial instrument or a related financial instrument.

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