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.
Infosys 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.
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own...
One 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....
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...
Disclaimer:
This is not an investing recommendation or an advise. Do yourselves a favor, and do you own analysis.
This is just a hypothesis.
Key Signs
Gap down
Accumulation phase
Rising RSI
What doesn't fit in this equation?
A lowering BUY volumes, and still strong SELL volumes.
Expected qt earning report may not impact much as NASDAQ is still...
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...
Infosys 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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if 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...
as we can clearly see inverse head and shoulder pattern form ...... you can w8 for the break of neck line or resistance level to ensure the breakout ....this patten can give us more than 200 points relly
NSE:INFY
The 5 mentioned lines are critical points for Infosys. Investors should check the current market trend before taking any positions.
Entry Between: 1560-1580
1st Exit, Resistance: 1770-1800
Breakout: 1900-1950
Stop loss: 1400-1380
NSE:INFY
NSE: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.
-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...
Good 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...
![INFY: [INFY] Range Bound & Upside potential of 19 - 20%](https://s3.tradingview.com/a/AaWGRetg_mid.png "[INFY] Range Bound & Upside potential of 19 - 20%")
