Infosys LTD -------------- Price & Volume relationship ======================== 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.
Key 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...
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!!
Monthly TimeFrame : OverSold zone Weekly TimeFrame : Accumulation Daily TimeFrame : At a Orderblock
Infosys looking very good with rounding bottom pattern. May buy for easy target of 1680.
Infosys 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- 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.
Enter at support level after correction. 1. First Target at 1633 (Safe). 2. Second Target 1650 (Risky). 3. Third Target 1660 (Highly risky). Take targets according to your risk appetite. -----Stay tuned for any change/regular updates on trade.-----
Infosys has given a range breakout of Head and Shoulder Pattern , and we have got a closing also outside the range, so this is a good price and time to enter LONG. Risk Reward should be at least 1:1
Infosys' long-term trend is very strong, it takes bounces from the 1400 level which is 38.20% of Fibonacci retracement with solid volume
BO can happen because the volume is supporting the price movement. Good RR we can catch here.
INFOSYS chart indicating bull rally by forming INVERTED HEAD AND SHOULDER pattern. One thing to notice that trend reversed from its Fib retracement golden ration 0.618. Breakout with high volume needed above 1517-1520 to keep trend continue. TARGET 1677 SL 1405
INFOSYS looks bullish, Fresh Trendline breakout is seen yesterday (20th July 2022) and Today Retested the previous Resistance which acted as support and now ready to head towards higher levels. I am Looking to Go Long on INFY Future around Current Price 1518- 1520 With Stoploss 1495 And Expecting Targets of 1550/ 1580 in the next 1-3 Trading sessions.
NIFTY IT seems to give range breakout and infy is forming an inverted head and shoulder. Lets see where it goes
It Looks that Pannet Pattern formed... First Target 1520 Second Target 1600 if with stand above 1560. Just for understanding, Trade on your own Risk.
#Infy Long (30 June) RSI- 40 RSI divergence Buy at CMP - 1468 SL- 1440 Target- 1515, 1554, 1583 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
NSE: INFY If Breaks Then The Targets could be Taken at 1520 Time Frame :- 1 Hour Patterns Name :- Infysos We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern Comment Below If You want to ask me questions on this on any other idea BTW Like and Follow if you like this awesome content Made By MAYANKTECHRESEARCHING
Indian IT Sector is very close to the breakout area. This breakout from the falling bear channel is also supported by RSI as we can see the Higher Highs and Higher Lows formation. Look for an entry in fundamentally strong leaders of this sector. !!! This is not an investment advice and do your own due diligence before investing/trading on any script !!! !!!...