Infosysanalysis
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 - 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 Chart Analysis !!📈 Infosys 📉
My Findings :-
1. Breakdown of Strong Support Zone of 1660-1680 with GAP.
2. Lower High and Lower Low Formation.
3. Close Below Seven Months Low.
4. But IT Index at Support. To get more confirmation can be waited till IT Index Breaks down. Check IT Index Chart below for reference.
Bias- Short
Target- 1541, 1441 and 1313
SL- 1760
RR- 1: 2
IT Index Chart :-
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Infosys Analysis !! Breaking Out.📈 Infosys 📉
In the market where every sector broke all important supports, IT it still holding and it shows relative strength of sector.
Infosys is breaking out from a triangle after testing multiple support zone of 1665-1680 since September 2021.
On Buy Side I am looking for 1800-1820 zone as first target then followed by 1900-1940 zone.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
INFY- Ready For A Breakdown#INFY
Sell-Below 1650
Sl-1700
T-1510
#INFY- The stock has made a bearish setup in the higher TF. It has made a Head & shoulder pattern in weekly TF. Trading almost on the neckline. Along with that the stock has made a descending triangle in daily TF. This stock is untouched in the current Profit booking since Oct 2022. Stock is ready for a new price structure in weekly TF below 1650, target will be till 1500.Then we have to see price action weather it will take a U turn from there or it will continue.
Idea is invalid above 1800. So plan your trades accordingly.
Simple Trade Setup | INFOSYS | 07-03-2022 [INTRADAY]NSE:INFY
Trade Setup for 07-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup| INFOSYS | 23-12-2021[INTRADAY]NSE:INFY
Observations:
1) On 1day time frame, as expected it is consolidating above 1800 level now. And volume is slowly decreasing.
But good thing is that it is holding above 1800 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFOSYS | 20-12-2021 [ INTRADAY ]NSE:INFY
Observations:
1) On 1day time frame, it made kind of double bottom pattern.
It is having immediate support range of 1800-1810 level range.
Please refer below chart : 1day Time Frame.
2) Also on 1day time frame, it made Doji candle at top with high volume.
If it trades below the low of this candle then we can see down move and if it trades above the high of this candle then we can see followup buying.
Please refer below chart : 1day Time Frame.
Safe buy on sustainable breakout of 1840 level and safe short on sustainable breakdown of 1800 level range.
If not then we might see it will consolidate in this range of 1800-1840 range.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 20-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFOSYS | 17-12-2021 [ INTRADAY ]NSE:INFY
Observations:
1) On 1day time frame, today it closed above triangle pattern and it was breakout with increased volume.
If it sustain out of this trianlge then we can see good upmove.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 17-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFYOSYS | 13-12-2021 [ INTRADAY ]NSE:INFY
Observations:
1) On 1day time frame, we can see that it is trading above 21DMA.
21DMA is placed at 1740.80 level. Which will work as support.
Immdiate resistance is at 1760 level range.
Please refer below chart : 1day Time Frame.
2)Also on 1 day time frame, we can see that it is trading in triangle pattern.
Breakout on upper side will make it bullish.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 13-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFOSYS | 11-11-2021 [ INTRADAY]NSE:INFY
So far, all the levels are working perfectly as per given in previous trade setup.
Most of all the Levels and trade setup remains same as per previous.
Trade Setup for Date 11-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFOSYS | 09-11-2021 [ INTRADAY]NSE:INFY
Observations:
1) On daily time frame, we can see that it took good support from 21DMA and closed above it.
21DMA is placed at 1722.12 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 09-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFOSYS | 02-11-2021 [ INTRADAY]NSE:INFY
Observations:
1) On daily time frame, we can see it has been taking resistance from 50DMA.
50DMA is immediate resistance and placed at 1711.50 level.
Please refer below chart : 1 day Time Frame.
From chart we can see that range of 1710-1720 is critical resistance zone.
Sustainable breakout of it will make it bullish again.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 02-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFY | 26-10-2021 [ INTRADAY]NSE:INFY
All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 26-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFOSYS | 14-10-2021 [INTRADAY]NSE:INFY
Observations:
1) On 1 day time frame, we can see that now it closed above 50DMA as well as 1700 critical level.
Which is a good sign. Downside breakdown of it, may result in profit booking.
Please refer below chart : 1day Time Frame.
2) On 1 hour time frame, for short duration we can see rounding bottom pattern in formation. Neckline is at 1730 level.
If it opens gap up above neckline and test 1730 level and takes support from it then it will give bullish move.
But if it breaks down then it have immediate support at 1700 level.
Please refer below chart : 1hour Time Frame.
We can also see the critical resistance range of 1730-1740. Above this range it will be bullish.
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For positional buy trade safe buy will be above 1740 level only. Short to Mid term target will be 1850-1880 level.
Keep SL as per your convenience.
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Trade Setup for Date 14-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
INFOSYS: IntradayInfosys ready to give a fresh breakout of a wedge pattern. Looking at how the whole IT sector is going and the recent momentum gained by Infosys itself touching new all-time highs with every trading session, Infosys has more steam left.
But for intraday, we must be prepared for both sides.
keep target and stop loss for both directions handy as there can be some minor profit-booking also in the coming days.
For target and stop-loss use your setup.
INFOSYS New High Coming Soon!!On Daily Chart, Infosys is going to touch again 1500 level in the coming weeks. The last time when it breaks resistance at 1315 makes a high 1476 which is more than 150 points. If my study right then in the coming week is going to touch a new high. Moreover, It is near to support level so buy near to 1360 to 1375.
For Long-term Target of 1550 with no stop loss for the period of 6 months.
Infosys - For short term profitInfosys - For short term profit
Testing the support for almost 7th time. Can consider to buy at the support and there are chances for at least 5% upside in 5-10 days.
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**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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