Infosys formed descending triangle. As per request, I posted this article. Anyone can ask stocks-related queries. I try to post any stocks as per request.
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Entry : 1296.50
Stop Loss : 1289.50
Target : 1304 / 1310
The analysis is based on simple price action only. Entry point given are valid if the resistance / support breaks convincingly. For that learning candlesticks psychology is a must one.
Note : Don't jump in to the trade once market reach the entry level, most of the time will get better entry and that gives...
*NSE Cash study
Infy did try very hard to cross the 20 day EMA yesterday and did too but couldn't hold. Nearing the end of the day, IT stocks took a beating and so did the market.
Now, looking at the charts today, RSI held above 50 and so did the trend on the daily charts. I see a strong support at 1290 levels so we can go long with a stop-loss below 1290 for...
Trend line breakout and cross over above the 10 day average.
Supply zone: 1363-1399
Weakness can resume below 1280.
The current price can initially be a pullback towards the supply zone.
Intra-day dip 1-2%
on 09/02/21 can be looked
at as opportunity to trade long.
with a stop loss of 1277.
Infy is a "Short" in the smaller i.e. Hourly/15m timeframes and undoubtedly a "Long" in higher TFs.
It seems to have completed (or about to complete) an Impulse 5 move up which is a part of wave 1 of one larger degree which is in-turn a part of wave 3 of the largest degree, if you understand what this means. (Since strangely Trading View doesn't allow you to...
Shooting Star On Monthly Time Frame.
Best Selling Zone 1330-1340, Strict SL - 1400 (Monthly Closing Basis)
If Infosys Breaks & Close Above 1400 Level On Weekly Time Frame In 1st Or 2nd Week Of This Month Than Maintain SL On Weekly Closing Basis.
If Infosys Breaks & Close Above 1400 Level On Weekly Time Frame In 3rd Week Of This Month Than Maintain SL On Monthly...