Infosys
Nifty IT 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!!
INFOSYS downtrend movement potential with Risk:Reward of 4.6Infosys downtrend movement potential with Risk:Reward of 4.6
Symbol : INFOSYS
Time frame :1 hour
Analysis : MACD is crossing below zero . MA 6 <MA 20 && MA 20 < MA 40.
Sell below 1380 with SL 1445 and target 1235/1076.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
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INFOSYS : MILLION DOLLAR STOCK TO KEEP AN EYE FOR MED TERM HOLDOne of the Most Prestigious Brand of Country Infosys Ltd a high Value stock to be kept on radar for next two or maximum trading sessions. The stock is near its 52 Week low and at Support level of the Channel it is respecting since April 2022.
CMP is 1389.20 and after rising from the demand Zone , it was moving in a range and then declined sharply today. However, price invalidation can be seen in today's trading as the fall in price is not in proportional to the Volume. Must be an affect of Weekly Expiry or affect of the news Infosys was into today. I believe it is just retesting the support at 1365.80 and will bounce back from the Demand Zone.
RSI : 40.05 ( Low ) is also indicating a buy signal.
We must enter the trade after retesting of the support is completed and we see a buying signal. Thus ,the stop loss will be the least i.e. support @ 1365.80 and the long term target would be the Supply Zone which is @ 1663.50
Kindly refer to the Chart for various analysis along with Targets and Stop Loss . I will update the idea once the stock retests the support and indicates buy Signal. However, the above analysis is not for actual trade. It is only of educational purpose . Please carry out your analysis on this idea and trade at your own risk. Do not forget ,
STOP LOSS IS MUST !!!
Good Luck !!!
INFOSYS ALMOST GOING BEARISH Infosys almost going bearish in sometimes as it may be said that infosys may start to breakout any time soon. Best way is to keep an eye on it. Those who are planning to buy should wait more time as this stock is still in fallout mode. For long term investors, hold till december or march.
Disclaimer*- Everyone has different entitled opinions, better study the stock trend.
Infosys - low risk high reward long Swing trade opportunity
Infosys is currently trading within a robust support zone that is visible on both monthly and weekly time frames.
The stock has already responded positively to the weekly demand zone and formed a bullish engulfing candle on the weekly time frame.
Additionally, selling volume has been decreasing, and a bullish divergence has emerged on the daily time frame as confirmed by the Wave Volume Divergence Indicator.
A strong support line, represented by the purple line plotted on all three time frames, making it a low-risk, high-reward trade opportunity to initiate a long position near that level.
The Daily Time frame displays a 1:2 position, and the first target has been identified. To maximize potential profits from this trade, traders can trail both their Stop Loss and Target.
In conclusion, Infosys is currently presenting an enticing trading opportunity, as it is trading within a robust support zone visible on multiple time frames, and has formed a bullish engulfing candle on the weekly chart. Coupled with a decrease in selling volume and a bullish divergence confirmed by the Wave Volume Divergence Indicator, it appears to be a low-risk, high-reward trade to initiate a long position near the strong support zone.
I am not a SEBI registered individual; my analysis is only for educational purposes.
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Infosys near support zoneInfosys is near crucial support on daily chart. We can take a swing trade here.
Entry
We can go long after close of strong bullish candle near support zone.
Target
We can keep target as the next resistance zone as marked on chart.
Stoploss
We can keep stoploss below the support zone.
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intradayif price breaks the level then we can plan for long and if it is taking rejection from that level then we can plan for short.
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
INFOSYSNSE:INFY is a very strong fundamental IT company.
recently it is underperforming since last 10 months, but on the daily chart frame it has created a beautiful inverse head and shoulder pattern, which is looking very promising.
one can make position in this stock for the targets of 1960 in next 3 to 6 months.
Head and Shoulder -A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
-A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
-An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
-The neckline rests at the support or resistance lines, depending on the pattern direction.
Script = Infosys
Time Frame = 1 Day
INFOSYS BREAKOUT SWING TRADE - INVERTED HEAD AND SHOULDERSGood day :)
NIFTY IT has given a range breakout with a strong Marubozu open candle.
Most of the IT stocks are performing really good and most of them are giving breakouts.
I have identified one of the most strongest stocks of the IT sector which holds a weightage of more than 7% in Nifty. The stock is INFOSYS.
This stock has been in a channel since May 2022. In the recent support at the base of channel , the stock has created a Inverted Head and Shoulder pattern which signals a bullish trend in the stock.
Stock has broken the neckline with a strong bull candle. We can take a long position on retest of neckline and can expect good targets.
Investors typically enter into a long position when the price rises above the resistance of the neckline and the stock has already proved this by breaking out with a strong bullish candle.
Huge volume spike can be seen at breakout which confirms it as a healthy breakout.
Resistances are identified as Target 1 and Target 2 giving a Risk Reward Ration of 1:1.5 & 1:3 respectively
The probability of targets being hit increases as the stock is in a channel.
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
Infosys (Infy): Positional view on this IT giantFrom among the IT Pack, Infy is the one I'd love to keep a watch on.
From the high to a 30% correction, the stock is slowly inching its way up.
Forming a double bottom pattern, the current price is hovering near the neckline.
Positive with initial targets of 1750, 1900 and 1950. Above 1950, we can expect good move upwards.
The stock has strong support at around 1400 - 1350 levels, having pulled back up from those levels.
As always, keep a SL at 5-8%.
Note: Not a buy/sell recommendation. Do consult your investment advisor and due diligence.