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...
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...
Infosys 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...
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...
Infosys - 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. **************************************************************************************************************************************************************** You can also see my other stock...
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be a cup & handle formation with RSI just crossing 60. Nifty IT is outperforming Nifty Index today as well. Price above 1400₹ should see more upside. SL: 1315₹
Stop loss - 1320 Target price - 1390 Minimum 3% profit and go on with trailing stop loss
*NSE Cash study Infy did try very hard to cross the 20 day EMA yesterday and did too but couldn't hold. Nearing the end of the day, IT stocks took a beating and so did the market. Now, looking at the charts today, RSI held above 50 and so did the trend on the daily charts. I see a strong support at 1290 levels so we can go long with a stop-loss below 1290 for...
Breakout from Resistance. Possible Retest to get rid of weak hands.
Wait for candle closure above resistance to buy or below trend line to sell.