Infosys Bullish Head & Shoulder Pattern Weekly ChartInfosys
On Weekly Chart
Bullish Head & Shoulder Pattern
Breakout Above 800 sustain may lead to 1000+
Infosys
INFOSYS - SHORTINFOSYS has made descending triangle,indicating further down side movement.
Entry : 706 - 707.5 Range,Enter only if sustains below range
Stoploss : 1%
Basic Target: 695
Idea by MALKIAT SINGH
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INFY CLEAR DOWNSIDE BREAKOUT!!1After a very good uptrend i think trend is changing now with this breakout on downside.
you can see this on chart clearly it broke out the trendline and also the head and shoulders pattern is also there.
my targets for this trades are
TARGET 1- 709
TARGET 2- 701
TARGET 3- 684
head and shoulder infy daily chart formed a head and shoulder pattern . it may fall from this range.
Infosys : Head and Shoulders under development.NSE:INFY
Keep tracking it, Below 722 it will confirm Head and Shoulders pattern.
BTST IN INFY ON CONDITIONAL BASIS JAN (FUT)BTST IN INFY ON CONDITIONAL BASIS
MUST CLOSE ABOVE 746.5 ON CLOSING BASIS
JAN FUT
BUY@747.5
STOP@737.5
TARGET@760
LOT:1200
QTY:1
Infosys [long] anticipating a push to 684Looks like good r/r for short term trade. On the higher time-frame it appears the price action could remain in consolidation. To me it appears that this trade would complete in the next 2 days.
Infy viewInfosys
CMP 659
The zone of 665-675 is an important level for Infosys.
Weakness will be confirmed once it closes below 644
Alternatively one may consider the following strategy for Infy
Consider selling Infosys 680 Call option for Jan series
Lot size 1200
CMP 21
Max profit potential ₹25200 per lot
The strategy will have an in built loss protection cover for a rise in stock price up to 701
Take care and safe trading...!!!
Infosys - Elliot Wave PerspectiveInfosys looks bearish as it has completed the impulse waves, and looks to start the correction wave. Take confirmation at 613 level. If broken on weekly basis, can be taken as a positional short, or can be removed from portfolio for the next year and a half.
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We teach, and practice what we teach, kindly consult your advisor before taking any positions.
POSITIONAL TRADE IN INFY DEC FUTPOSITIONAL TRADE IN INFY
DEC FUT
BUY@666.5
STOP@661.5
TARGET@686.6
LOT:1200
QTY:1
RRR=1:4
CONDITIONAL LONG TRADE IN INFY DEC FUTCONDITIONAL LONG TRADE IN INFY
WAIT FOR A CLOSE ABOVE 689
DEC FUT TRADE
BUY@690(ABOVE)
STOP@675
TARGET@720
LOT:1200
QTY:1
INFOSYS - Channel BreakoutInfosys has been in a channel for last 2 months.
It broke out of that channel yesterday and closed above it. A weekly closing above the channel may trigger a short covering rally towards 684 700 levels.
INFY - a perfect buy on dips stockINFY - a perfect buy on dips stock - Any dips towards 580-540 zone must be seen as a buying opportunity.
INFOSYS- Short term BO- 30min chartINFY
Next week, Result.
Immediate target :700-720
Support: 670
Infy broken the long term trading channel. If result isgood, it will catch up the old channel.
Other wise more down side expected below 670.
INFOSYS SHORTINFOSYS IS SELL FOR TARGETS OF 590-550.
REASONS:
1. IT IS AT A UPPER DIAGONAL OF A RISING WEDGE (BEARISH PATTERN).
2. 5TH WAVE OF DOMINANT WAVE IS COMPLETED. NOW CORRECTIVE WAVES WILL START.
STOPLOSS: "ABOVE SWING HIGH OR AS PER RISK BEARING CAPACITY"
