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...
it given breakout on daily candle. RSI also pointing upward and showing strength in move volume is almost equal to the previous day.
sell in channel
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...
WE HAVE SEEN A BIT REJECTION FROM 52 WEEK HIGH MADE TODAY I.E 16/06/2021 , THE SUDDEN RISE IN VOLUME AND WEAK RELATIVE INDEX ( BEAR DIVERGENCE ) SUGGESTS INFOSYS TO MOVE DOWNWARDS TOMORROW , SOME MAY CALL IT PROFIT BOOKING . WILL BE BEARISH TOMORROW ON INFOSYS , FRESH BUYING CAN BE A LITTLE RISKY . LEVELS MARKED ARE FIBONACCI BASED . ALSO CNX NIFTY LOOKS A ...
hi guys its ascending order u can buy it after the rejection
Cup And Handel Pattern In Infosys Ltd. Entry, TP, And SL All Are Given On The Chart
INFOSYS, always move like its sectoral index. In very good symmetrical triangle pattern. Enter on buy side it close above trendline near 1395.
As 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.
A 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...
Stop loss - 1320 Target price - 1390 Minimum 3% profit and go on with trailing stop loss
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...