Infosys
#68 INFY SHORT SWING ANALYSIS#68(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know.
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Infosys channel breakout predictionInfosys price is running between a channel.
Security-wise average deliverable percentage for May 2021 till 21-05-2021 is almost 57%.
If stock successfully breakout the channel, we can expect an upside move for a new positional entry.
Fundamentally the company is performing very well. Also dividend of Rs.15 per share is declared.
After breakout, wait for a pull back. Stock may retest the support level and then it can move upside. Take entry after a confirmation candle with a good volume.
Disclaimer : I am not Sebi registered or expert in stock market. This is my personal analysis for educational purpose. I am not responsible for any profit / loss.
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I will daily post intraday/swing/positional trading opportunities so u can analyze and get the most from it.
Check these successful trades & approach on Britannia ,Mothersumi , DLF, Biocon , Daawat ,Infosys , HBL power , HDFC life , HindZINC
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intraday idea for tomorrow #equity INFOSYS INFYTRIANGLE PATTERN BREAKOUT so its gonna be a bullish explained well in charts.i will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. bye
Time to be Long -INFOSYS, Buy above 1415Infosys is going to give breakout above 1415 .
Currently it’s getting resistance at 1400 levels.
On daily basis it’s respecting trend line at the previous highs.
CMP is above ichimoku clouds and waiting for a good volume breakout.
Buy above 1415 and hold for the target of 1452/ 1476/ 1492.
INFOSYS - LOWER PARALLEL LINE CHANNELAs you see in the weekly chart the price following the parallel line channel, whenever the the price touches the upper end of the channel it gets pulled towards the lower end and vice versa.
Now, the price is at the lower end of the channel, giving opportunity for investors to get in the stock for long term.
INFOSYS History to repeat #LONG
INTRADAY SYMMETRIC TRIANGLE FORMED
CMP -1385
ENTRY - 1398
TARGET 1 - 1404.60
TARGET 2 - 1409.00 & 1416
take trade once the candle closes the entry value.
SWING TRADE
DARVAS BOX BREAKOUT FOR LONG IN SUPPORT LEVEL AGAIN
CMP -1385
ENTRY - 1398
TARGET 1 - 1409.60/1426.15
TARGET 2 - 1452
trail the stoploss near T2 for 1500
Breakout alert ahead.
Self explanatory chart.
For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
Infosys from 29 may 2021The stock is in tight range both side movement possible ... range 1380 - 1420
The upside has a target of 1450
infy can be bought if come down to 1350 ( good support zone )
simple option strategy
sell 1300PE + buy 1240PE with breakeven below 1310 --> very safe strategy
... around 50K premium used get around 2k ---> monthly roi of 4-5% good enough
Bearish Divergence for INFY! (good short opportunity)As you can see in the chart, the path it has been following(yellow colour) depicts downward moment for this stock. Also the rsi indicator shows bearish divergence on the four hourly timeframe that is higher high on the rsi but lower high on the stock price hence looking bearish to me. Also it looks like the stock is forming lower highs and lower lows recently hence going into a descending channel. My price target would be around the next weekly support that is 1317 region.