Infosys BreakoutInfosys forms the W pattern and also the trendline breakout. it will be a good buy at CMP or we can wait to fill the gap Targets are marked on the chart.
Infosys
infosys in big pictureW pattern formation in infy
good price action
major resistance about to break
volumes are greater(daily)
target upto 2000
INFOSYS TRADE/ INVESTMENTInvestment kind of chart made in Infosys, double bottom along with trend break out for our final target 1919
IT Sector CNX ITCoforge
LTTS
HCL Technologies
Mindtree
Infosys
Mphasis
Larsen&toubro infotech LTI
Tata Consultancy Services
Tech Mahindra
Wipro
NSE:CNXIT
INFOSYS case studyINFOSYS AT 1590 levels is around strong supply zone,
Descending parallel channel resistance around 1610 levels
Horizontal resistance around 1602 to 1630 as per previous swing high levels,
Bearish divergence on RSI with respect to price,
Bearish wolf wave formation, where price are trading above the structure formation which indicate overbought situation ,
counter might face strong resistance in zone of 1600-1630 levels ,
which should be used to exit long position if any,
now fresh investment in this counter above 1670 levels on daily closing basis
Down side counter can give retracement till levels of 1500-1480 once reversal is confirmed.
Time to be cautious in this counter.
[1H] SBIN is reducing their risk nowPrice reached their resistance area so...it will definitely moves down
Technical indicators clearly confirmed this setup.
[1H] INFY on Step Down for SometimeSMA acts as Resistance area which confirms Trendline.
Strong Support at 1475
#cnxit It sector updateIT sector has now bottom out now we can see reversal in it stocks but try to trade in large cap or few selected midcap stocks like- Infosys , Mindtree , TCS
this is only for educational purpose only -
INFY - Infosys Ltd - Intraday Levels for 28 Oct 2022INFY Intraday levels for Tomorrow..
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Infosys SHORTReasons for Short as follows:
1) Classic Head & Shoulder Breakdown Pattern
2) Price trading near 52 Week Low Zone
3) IT Sector is the Weakest and Leading the Bear Market
4) Global Recession means Slowdown in Revenue for these IT Companies
SELL Weakness
Stop Loss above 1420
Targets:
T1= 1320/ 1300
T2= 1250 ish zone
Wipro heading towards 320Wipro has corrected 50% from its all time high
And now it has also broken important support zone it is heading towards 320 to 300 support zone
INFOSYS CHART ANALYSIS FOR 14-10-22INFOSYS Chart Analysis For Tomorrow, My View is Bullish For Infosys
NSE:INFY
Nifty, Banknifty and top stocks analysis for tomorrow + levelsWhere is Nifty headed? Will it hold above 17,100? Or is it likely to break the 17k mark owing to weakness by Infy's results?
Nifty IT near 50% Fibonacci RetracementThe weekly chart of Nifty IT shows that it has come near the 50% retracement level.
At the same time it shows a positive RSI divergence. This gives rise to chances of a short term upside.
Though confirmation is required as per price action.
Infosys in a 15min triangle pattren I found a triangle pattern in infosys in a 15 min time frame it would be a great intraday for tomorrow So keep eye on it.
Please use your on analysis before take any trade.
Infosys analysisInfosys LTD
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Price & Volume relationship
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Volume supporting Daily & weekly decline
Candle theory
============
The current candle overtakes the previous candle and the Possibility is high (Daily, Weekly & monthly)
Conclusion: Yes we can.
Infosys - Possible Wyckoff accumulation scenarioKey highlights:
⚡️ Consolidating in the weekly demand zone for the last 4 months.
⚡️ Wyckoff accumulation schematic on the daily time frame.
⚡️ The market structure started shifting after the establishment of the low on 17 July. Hence, it is an important low.
⚡️ The logical short-term target is near the 1730 zone. If the price manages to push above the range high, expect 1700 and higher in the coming weeks.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
INFOSYS rising wedge breakdown target 3800!Looks weak from here if it breaks this rising wedge I'd short it with sl of the trendline. Although must wait for it to break with good volumes or can trap sellers!!
INFY at a huge Risk to Reward opportunity !!Monthly TimeFrame : OverSold zone
Weekly TimeFrame : Accumulation
Daily TimeFrame : At a Orderblock
Infosys - Looks Good for target 1680Infosys looking very good with rounding bottom pattern. May buy for easy target of 1680.
Infosys Ltd - ShortInfosys CMP is at Resistance level. Bearish reversal pattern (Hanging man pattern) can be seen and the RSI indicator also indicates the overbought zone. We can expect an trend reversal from here.
*Educational purpose only!
Infy- InfosysInfy- It formed clear Tripple Bottom and also Ascending Triangle Which shows its ready for the up move as market as Target
Disc- Only for Learning Purpose and not a trading Recommendation.
