NSE:INFY Analysis on a Daily Timeframe!
Double Bottom Pattern formation in Infosys Ltd!
Double Bottom Pattern/ W Pattern Formation with RSI Divergence!
Analysis:
As we can see in the chart NSE:INFY started falling down from Feb 2024. It was in clear downtrend. After that it has made a double bottom pattern but it's second bottom is lower than its first...
Infosys 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!
There is clear breakout in Infosys and stock has taken a support on 200EMA.
Please refer the chart for the Targets as per Risk Reward 1:1 and 1:4 respectively.
Post achieving the targets one can trail the stop loss as per the previous swing low
Note: This information is for Learning/entertainment purpose only and should not be treated as any trade...
NSE:INFY if #infosys breaks daily support of 1365/1345, then only we can expect a fall till weekly buy area of 1250 range zone, if #infy does open 10% down , then it wil be opening at the weekly buying zone, dont rush to buy or invest unless weekly buy zone holds infy fall, if weekly zone breaks then avoid infy for investing purposes.
Infosys 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...
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...
as we can clearly see inverse head and shoulder pattern form ...... you can w8 for the break of neck line or resistance level to ensure the breakout ....this patten can give us more than 200 points relly
NSE:INFY
Infosys Chart Analysis and Confirm Targets with Demand and Supply Zones
Infosysy Made All Time High 1953 on January 2022 , and Break Support zone of 1620 - 1656 now same Support Zone Act as a Resistance Zone
As Nifty also Break Major Support 25 jan 2023 If Downtrend will Continue then Targets...
Infosys looking good if sustains above 1530 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Infosys 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.
Now turn for IT sector booming. Long after the BO of Inverse head and should pattern after the BO of Neckline. For the very huge target with minimum risk. Very good risk-to-reward trade setup. This is for your educational purpose only.
