Infy Super Bullish above 1011 levelInfosys is in a bullish area for the first time since 9 months. All buy setups are valid above 1011.
Infosys
Will Nifty IT Continue the pattern for 8800 as Targets ??For Last 2 years NiftyIT is in a pattern where it Falls then Retraces 0.618 then moves back to 1.27 extension of the previous fall, Currently Nifty IT is at a very crucial point as it is at 0.618 retracement and at a long term downtrend line...
Shorts can be made for the targets of 8800...
Infosys Ltd
Infosys Weekly chart worth to add in watchlist
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
Result Day & Symmetric Triangle on Infy - NEUTRAL Symmetric Triangle on Infy and either way to go.
Note : Please trade with cautions, due to result.
Make or Break
Levels to Make:
Level 1 - 1028
Level 2 - 1052
Levels to Break:
Level 1 - 945
Level 2 - 925
"Happy Trading"
Infosys - Ready to breakdown ?As you can see, these are the areas, NSE:INFY has been trading in. I expect a downfall regarding the concerns related to US and upcoming earnings which might be weak. Here's my view on the chart.
INFOSYS BREAKS DOWN It is been observed on the hourly and daily chart that the price action breaks below the descending triangle indicating a further move down towards the next resistance levels.
Target 1: 955
Stoploss: 975
Symmetric Triangle on INFY - NEUTRALSymmetric Triangle on INFY and will break either side.
Trade:
Long:
Buy above - 1006
Target - 1016
Stop Loss - 996
Reward Points - 10
Risk Points - 10
Short:
Short below - 1002
Target - 992
Stop Loss - 1012
Reward Points - 10
Risk Points - 10
Ascending Triangle formation on INFY - LONGAscending Triangle formation on Infy and showing bullish trend. EMA 50 on EOD at this level so once broken then price will hit the target.
Trade:
Buy above - 989
Target 1 - 999
Target 2 - 1009
Stop Loss - 973
Reward Points - 20
Risk Points - 16
Infosys - The Big Short (Seller Wins)It is been observed that the price action is consolidating in between 1060-1010 levels for past 55 days on a daily chart. It is 11 weeks and almost 3 months. This is called a Big consolidation and price war between buyers and sellers.
Now, the price action got that big breakout from the consolidation as it closes below strong support level of 1010. Therefore, it is indicating that sellers victory over buyers and now the price action shall move further down and continue it downtrending pattern.
It is a great opportunity to initiate,
Target: 985, 955, 935
Stoploss: 1050
Infosys - Be Prepared for a Triangle BreakoutInfosys forming a symmetrical triangle breakout on hourly chart. It shall breakout from it tomorrow. Keep a good eye on it to gain out of this opportunity.
Infosys : History Repeats, so soon ? Yeah !!With this rectangular range trade setup, its 8th rectangular range in last 10 days if I check my trading journal. Either Fx or Nifty 50 markets are offering us lots of ranging n breakout pattern trades for past two weeks. Yes, few of them failed but winners overshot losers,just like that. I'm looking out for this rectangular breakout in Infy and will be watching very closely for breakout any direction.
Happy Trading !
