INFOSYS DII BUYINGInfosys have seen buying inerest from DII and selling interest from public. Usually uptick in institutional buyers like DIIs is a positive signal for future of stock!
Infosysltd
Infosys analysisInfosys LTD
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Price & Volume relationship
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Volume supporting Daily & weekly decline
Candle theory
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The current candle overtakes the previous candle and the Possibility is high (Daily, Weekly & monthly)
Conclusion: Yes we can.
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.
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 | 18-10-2021 [INTRADAY]NSE:INFY
We saw on 14-10-2021, after gap up opening and initial 15min trade, it started falling down with profit booking.
We observe that money rotation goes from IT sector to BANK and BANKNIFTY made new ATH.
And FII were net buyers and becasue of it HDFC and HDFCBank shot up.
Observations:
1) On 1 day time frame, we can see good thing is that it took support from 50DMA which is placed at 1700.51 level.
1700 level will be now very critical support level. Sustainable breakdown of 1700 level will lead it to more profit booking.
But overall trend is positive for INFY. One who are holding equity can continue holding it.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
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.
Breakout in Daily Charts*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 targets of 1350 and 1380 or even 1390+.
