INFOSYS, always move like its sectoral index. In very good symmetrical triangle pattern. Enter on buy side it close above trendline near 1395.
Infosys / Infy sell in range of 1420 to 1440 SL - 1480 Targets - 1365, 1350, 1325
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
Shooting Star On Monthly Time Frame. Best Selling Zone 1330-1340, Strict SL - 1400 (Monthly Closing Basis) If Infosys Breaks & Close Above 1400 Level On Weekly Time Frame In 1st Or 2nd Week Of This Month Than Maintain SL On Weekly Closing Basis. If Infosys Breaks & Close Above 1400 Level On Weekly Time Frame In 3rd Week Of This Month Than Maintain SL On Monthly...
Descending Triangle Formation has seen in Infosys : Setup looks Bearish, wait for Triangle to broke.
*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...
NSE:INFY if u find reversal befor that blue line one can book their long and can short as well.
Note: This is for educational purpose only. After wedge pattern breakout in nifty, seems pullback is done. Hammer candle stick pattern on resistance turned support formed. If price closes above high of the hammer, there might be a confirmation of uptrend.