Infosys
Infosys - For short term profitInfosys - For short term profit
Testing the support for almost 7th time. Can consider to buy at the support and there are chances for at least 5% upside in 5-10 days.
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**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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INFY SidewaysOn higher time frame infy taking multipal times Support and Resistance From area that shown in Chart wait for breakout ....
big momentum we can see both side....
No tading Zone - 1320 to 1380
RSI also weak...Wait for Strong Momentum
One can take trade on smaller time frame only for Intraday with their own SL and Target
Infosys Sideways trend capture #Ep1 #LetsMakeMoneyTogetherA good and bullish candle . i.e, prefer a pinbar or an engulfer on 1330 lvls . will establish a buy for the IT giant INFY .... As trend is suggesting .... buy low and sell high in this sideways mkt of infy . For positional purpose : Hold on 1380 lvls to see if it breaks it, educational note : it might note break it in one go but might consolidate there with a pattern .... things will be updated here as per :)
Also if it directly goes and breaks 1380 lvls which is highly unlikely scenario, but if happens go long instantly it might make better money than the sideways trend :)
INFY - Trend Analysis and Important CalloutsInfy was following a repetitive pattern from long, recently price fallen out of the pattern and we need to see if catch up the pattern again or it start a downward from here.
Key information:
55D Nifty price change: -4.02%
55D Nifty 500 price change: -1.88%
55D Nifty IT price change: 1.20%
55D Stock price change: 5%
Stock is beating Nifty50, Nifty500 and Industry benchmark.
INFOSYS LTD Daily Chart Pattern
after fail the breakout of last week now on recent support
Positive Volume build after gap down today
may sustain on this price for few days for consolidation
can give good return on short term
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
Infy: Follow NEWS & be reactive or follow Charts & be a ahead !!Infy
This is not a fresh recommendation. This is just a follow up to our post on 09th April 2021. This is what we had posted
Observations
- Infy trading in the yellow channel from July 2020
- on previous 2 occasions, before the result announcement we observe Infy near the channel top
- Infy makes a high on result announcement at the top end of the channel and then drops down
- after Jan 2021 result announcement, we observe the yellow channel being breached twice temporarily
Is this a cue that strength of the buyers getting weaker...???
if we observe Infy getting rejected at the median of the red channel, then there is a possibility of Infy shifting to lower blue channel
Infy had a NEWS event - Result announcement on April 14, 2021.
If you have read the analysis in the above post, see the Infy price movement and Notice how charts revealed every thing before the NEWS event.... and worked to perfection....
That's the magic of Technical Analysis...!!!
Charts do try to tell us a lot.... Are you ready to listen... ???
Choice is yours
Was it a good analysis...?
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Have a good day
INFOSYSY detailed harmonic rule studyThe pattern you are seeing is "THE PERFECT" crab pattern which is rarely seen . Now as a rule D point must complete at 1.618 levels and is combined with 3.14 of BC . Then, immediately as the market opened a large red candle at D was made you can see time is 9:15 AM it may have gapped up and fell. We need to be careful if at POTENTIAL REVERSAL ZONE there is a gap , long tail or very large price action .Now the next rule tells it must fall or retrace till 50% as a result it came up again from 1375(though it is .618 level) but recovered quickly and reached 50%.
Now according to me it must reach and retest previous high which is our large candle at D
Now let it first reach 1462 again then we will continue our view with new target with new highs.
good luck
Maintain stop loss of 1344
disclaimer: i bought today at 1398 you can long too at your own RISK :)