You can buy Infosys for short term with small Stoploss and big target, Infosys made Symmetrical pattern yesterday and stand at it's breakout today.
Buying : 1348
Stoploss : 1342
Target : 1372
4 Future targets ready for Infy. Having 2 Gaps in the stock.
Disclaimer:
Only for education purpose. Investments in stock market is subjected to market risk do own researches before investing.
There is clear breakout in Infosys and stock has taken a support on 200EMA.
Please refer the chart for the Targets as per Risk Reward 1:1 and 1:4 respectively.
Post achieving the targets one can trail the stop loss as per the previous swing low
Note: This information is for Learning/entertainment purpose only and should not be treated as any trade...
INFOSYS is now present at important support zone1265 ,( june 9th) also same place support has been take and good rally upside has been seen 1260 zone also has huge PE writing in option chain which may also act as support so combining all the factors it should be bullish untill price stays above 1265
infosys had formed DOUBLE TOP in the last few weeks and had finally broken it and reached the target
The double top was formed alongwith the wedge pattern which was earlier mentioned
1. infy have made base formation at fib 0.5 levels
2. may retest of its breakdown
3. going long above its previous high 1270 with strict sl
4. R:R ===== 1:1
5. for big targets trailing sl should be done
NSE:INFY if #infosys breaks daily support of 1365/1345, then only we can expect a fall till weekly buy area of 1250 range zone, if #infy does open 10% down , then it wil be opening at the weekly buying zone, dont rush to buy or invest unless weekly buy zone holds infy fall, if weekly zone breaks then avoid infy for investing purposes.
When INFY consolidates near QUARTERLY 20 EMA. it tends to attain ATH within the next 2-3 Years. (chart shows last 20 year Quarterly 20 EMA).
It touched quarterly 20EMA today (17/04/2023).
what are your thoughts?
Analysis on 17th April 2023 Morning.
Important Points,
- C wave is begun after consolidating of B wave Possible Target are shown in Chart, according to Wavelength Theory using Fibonacci Tool.
- 25k is psychological level also so first target will be 25k, Rest will be updated with new candles formed.
Have A Good Day!!
On weekly time frame the stock is trading within 300 points range from so many weeks.
Crucial support is placed at 1350, Breaking below the support can trigger strong selling pressure and potential down move will be approx 300 points in coming weeks.
