Infosys share Tview ideasShare of infosys is trading in the channel for past few days. Either Bo or BD of the channel can provide good results. Wait for the complete BO or BD before entry. No doubt stock is in uptrend minor pull back is expected from here . let's wait and watch in the upcoming session. So add the stock in your watch lsit to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
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Infosys
INFOSYS - WAIT FOR BREAKOUTThis week has been a profit booking week. Overall trend - positive and bullish. This is more like retracement and consolidation move, wait for breakout and see the price again to a new 52 week high. Constantly taking support of 50 day ema so keep an eye on it as dynamic support and resistance.
Infy ChartInfy defended successfully 960 level for last two seasons. But it will continue? Last season profit booking seen in infy, Profit booking can be continue to this counter! It's looks like, 970 is tough to break and sustain above this level and support near 936. If one more time infy break 960, it can fall very quickly.
A gap down possible on Monday!
Disclaimer:- your capital at risk. Consult your financial advisor before any action and do own analysis and research.
LONG INFYI hope you can now see how the INFY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Price : Powered by fundamentals, Driven by emotionsInfy has made a FC bar on day before yesterday which will be confirmed by Monday's candle if it doesn't break FC 's high. Black line shows the slope of trend which was verified to the past support and resistance. FC bar shows the short squeeze (SLBM ) has happened along with equity transferred from strong hands to weak hands at higher level. Consider the closing of FC bar which is near to the low. Volume on the candle tells the story. Next day's candle was largely within the bar. It looks like the appetite of buyers have been fulfilled. Now, high of the FC bar is SL to short on break of coming Monday's low, trade to be done on Tuesday. I would take some bit of risk and go short near the mid zone (924-932) of Fractal candle and will keep stop loss at 985 for target of 790. It's high risk trade because in carry over trade market may open gap up with with margin. I will give some cover to my future short position by buying CE of 980 or 1000 strike price . This way I will be hedged to some extent, not completely. High risk : High Return game
INFOSYS Result Based ViewNSE:INFY
Infosys will declare its result tomorrow. Currently Infosys is around the strong resistance region marked in the chart.This is a very strong resistance as it was formed a long time ago.Even with Nifty fall today Infosys hasn't fallen much due to speculation around the result. Even after factoring the decline due to ongoing crisis Infosys has been able to put up a good performance.TCS aslo earlier this month declared its result and was able to drive a small rally upward.Expecting INFY to beak this support zone tomorrow and move toward the next resistance.
INFY - Wedge pattern breakout and pullback doneNote: This is for educational purpose only.
After wedge pattern breakout in nifty, seems pullback is done. Hammer candle stick pattern on resistance turned support formed. If price closes above high of the hammer, there might be a confirmation of uptrend.
Infy - Correction phase?Infosys has seen a correction and a recovery. During the recovery phase, we also observe that the third Elliott impulse wave has been completed and the corrective waves have started. The last 2 weeks has seen a consolidation in the stock with a couple of attempts to both break above and below the consolidation. The counter is now seeing some exhaustion and any break below the consolidation rectangle can lead to a 40-50 point dip towards the 650 zone. There is bearish RSI divergence and MACD crossunder too. All indicators are bearish. Will need a good trigger to push the stock up. Else, will drift to lower levels.
INFY 75 MIN , Analysis Volume BUST Out .
Price Taking Support On Trend Line .
Closing Above 696 Can Be A Sign to enter on a swing .
Hammer Pattern Followed By a doji showing indecisiveness of buyers and sellers .
Closing Above 696 Will show buyers take over the charge On Sellers . And it Validate the volume bust .
one can look for opportunities to go long above 696 with a sl of 679 .
Happy Trading .
Buy Infy at CMP 718 - 719, T: 739, SL: 702.20Buy Infosys at CMP: 718 - 719, T: 739, SL: 702.20
Infosys has formed bullish FLAG pattern in 30 min chart. Breakout above the flag pattern will give a target of 739 levels.
Positional target is 745 & 774 levels as per daily charts with a strict SL of 702.20