Cup And Handel Pattern In Infosys Ltd.Cup And Handel Pattern In Infosys Ltd.
Entry, TP, And SL All Are Given On The Chart
Infosystradeidea
INFOSYS, Symmetrical Triangle PatternINFOSYS, always move like its sectoral index.
In very good symmetrical triangle pattern.
Enter on buy side it close above trendline near 1395.
INFOSYS - LOWER PARALLEL LINE CHANNELAs you see in the weekly chart the price following the parallel line channel, whenever the the price touches the upper end of the channel it gets pulled towards the lower end and vice versa.
Now, the price is at the lower end of the channel, giving opportunity for investors to get in the stock for long term.
Infosys Sideways trend capture #Ep1 #LetsMakeMoneyTogetherA good and bullish candle . i.e, prefer a pinbar or an engulfer on 1330 lvls . will establish a buy for the IT giant INFY .... As trend is suggesting .... buy low and sell high in this sideways mkt of infy . For positional purpose : Hold on 1380 lvls to see if it breaks it, educational note : it might note break it in one go but might consolidate there with a pattern .... things will be updated here as per :)
Also if it directly goes and breaks 1380 lvls which is highly unlikely scenario, but if happens go long instantly it might make better money than the sideways trend :)
Infosys Buy Signal - Swing Stop loss - 1320
Target price - 1390
Minimum 3% profit and go on with trailing stop loss
Descending Triangle Pattern in InfosysDescending Triangle Formation has seen in Infosys : Setup looks Bearish, wait for Triangle to broke.
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+.
INFOSYSLook For Buy (Positional) After Breakout
Watch Out For Volume Also
Entry Above :- 988, SL :- 948
Keep Your Eyes On Index
(Risk Must Be Managed.)
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--Any Suggestions--
moving in parallel channelstock is on its support zone and expectinf upside movement from here. target1 = 970
INFOSYS - WAIT FOR BREAKOUTThis week has been a profit booking week. Overall trend - positive and bullish. This is more like retracement and consolidation move, wait for breakout and see the price again to a new 52 week high. Constantly taking support of 50 day ema so keep an eye on it as dynamic support and resistance.
INFY 75 MIN , Analysis Volume BUST Out .
Price Taking Support On Trend Line .
Closing Above 696 Can Be A Sign to enter on a swing .
Hammer Pattern Followed By a doji showing indecisiveness of buyers and sellers .
Closing Above 696 Will show buyers take over the charge On Sellers . And it Validate the volume bust .
one can look for opportunities to go long above 696 with a sl of 679 .
Happy Trading .
TRADE SETUP FOR INFOSYSINFOSYS IS TRADING IN A ASCENDING CHANNEL , WAIT FOR A BREAKOUT / BREAKDOWN AND THEN TAKE POSITION.
DO YOUR OWN ANALYSIS AND TRADE.
Infosys swing trade Refer chart for levels
Buy if it sustains 646-653 for the targets of
(678-685) / (694-700) / (713-720)
Infosys IntradayBuy above 693 for the target level of 711 and above. while keeping a stop loss at 650
