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johntradingwick
Jan 22, 2022 6:44 AM

INFY - Possible Rebound in the coming week ? Long

NSE:INFY240
INFOSYS LTDNSE

Description

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Key highlights:

1. Approaching 2 day demand zone
2. Bullish market structure on HTF
3. Continuous support from 200 MA in the recent past
4. Just in the flip zone
5. Psychological level of 1800

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
Trend AnalysisTechnical IndicatorsChart PatternsINFYswingtradeinfosys
Comments
Gandhi_Market
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WHAT is 2 DAY DEMAND ZONE ?
shraghu2010
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@Gandhi_Market, It is 1700-1720 to go long unless Nasdaq falls again the next week... Am I right Mr Johntradingwick?
shraghu2010
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@shraghu2010, Disclaimer.. I am still learning to read the charts.
spacious
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@shraghu2010, Pls chk the point "continuous support from 200MA ..." mentioned in highlights, if so, need not come till 1700-1720 to retrace.
shraghu2010
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@spacious, Now should we wait for 1630 level?
johntradingwick
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@Gandhi_Market, Demand zone formed on 2 day time frame. Just consider the structure on 2 day time frame and draw a demand zone. You will understand it.
Gandhi_Market
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@johntradingwick, Thanks a lot
Raahuls
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I was trying to look at reversal signal on friday but will wait for Monday now. Even your idea on Deepak Nitrate (should retrace to 2400 - 2450 levels) was excellent. Please post more such ideas. Thanks bro.
johntradingwick
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@Raahuls, Thanks man, just trying my best to post as much as I can.
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