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 .
Infosys
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
Infosys LTD stock to be taken for long entry.Major resistance level of 700 has been broken & close above 700 is the bullish sign in the stock . This can be taken for long entry. The next Resistance level at 720-725 . So for safe target this can be taken for day or swing traders. But once the level of 725 broken then the stock will move to the level of 745. So add the stock in your watch-list. Trade with the levels given & keep stop loss with reward to risk ratio .
LONG POSITION ON INFOSYS[ b]This analysis is only for educational purposes, Invest at your own risk!
INFY closed at 652.30 on Friday with relatively low volume near its Support line
An uptrend can be seen in the ON BALANCE VOLUME INDICATOR
Using the pitchfork an uptrend can be spotted in the price too
A long position can prove to be profitable by buying in at 652-653 Range and targeting around 670-685 range
The percentage profit should be based upon the risk taking capabilities of an Individual
ALL THE BEST TO EVERYONE !
Cheers!
Infosys wait for 590 levels to accumulate/investAs IT sector, already had it's much-awaited bull run this year. If already invested in NSE:INFY , then with the Q2 2018 results you can exit or short at around 720 levels for a target of 590 odd levels.
Must start accumulating it from around 590 levels and buy on every dip from there.
Note: Also it formed a Bearish Engulfing on a monthly time frame
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 29/04/2020Key Levels for RELIANCE :
UPPER BREAKOUT~1447.35
FIRST TARGET~1467.45
INTERIM RESISTANCE~1488.60
FINAL RESISTANCE~1506.90
LOWER BREAKOUT~1416.15
FIRST TARGET~1394.10
INTERIM SUPPORT~1372.95
FINAL SUPPORT~1354.35
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.