infy break long consolidating Chanel. may it can archive 1600 level
Wipro 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 Tomorrow, My View is Bullish For Infosys NSE:INFY
Where 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?
The 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.
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 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.
Current trend analysis in monthly, weekly and daily timeframe
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.