Get ready for action, INFY traders! We’re staring down a critical Gann time cycle on July 24th, directly coinciding with the Q1 earnings release on July 23rd. This isn’t just any cycle; it marks a full rotation from the April 7th low of 1307, signaling a potential major turning point for the stock. Expect serious volatility.
Price Levels to Watch:
Resistance at 1649: This is the current ceiling. A break above it is unlikely, and it could mark the end of the recent rally.
Key Support at 1558 (Cash): Holding this level is crucial. As long as INFY stays above 1558, immediate downside risk is limited.
Downside Targets if 1558 Breaks: If 1558 gives way, be prepared for quick moves to 1526, 1490, and potentially 1450, or even lower.
Given this setup, we’re not waiting. We’re looking at options strategies that can profit from significant price swings in either direction. Whether INFY bounces off resistance or crashes through support, our options playbook will aim to capitalize on the post-earnings volatility. Think straddles or strangles to capture the magnitude of the move.
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