Infosys LTD -------------- Price & Volume relationship ======================== Volume supporting Daily & weekly decline Candle theory ============ The current candle overtakes the previous candle and the Possibility is high (Daily, Weekly & monthly) Conclusion: Yes we can.
NSE:INFY Observations: 1) On 1day time frame, as expected it is consolidating above 1800 level now. And volume is slowly decreasing. But good thing is that it is holding above 1800 level. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 23-12-2021 1) Don't Jump in to trade at the beginning of...
NSE:INFY Observations: 1) On 1day time frame, it made kind of double bottom pattern. It is having immediate support range of 1800-1810 level range. Please refer below chart : 1day Time Frame. 2) Also on 1day time frame, it made Doji candle at top with high volume. If it trades below the low of this candle then we can see down move and if it trades...
NSE:INFY Observations: 1) On daily time frame, we can see that it took good support from 21DMA and closed above it. 21DMA is placed at 1722.12 level. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date 09-11-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for...
NSE:INFY Observations: 1) On daily time frame, we can see it has been taking resistance from 50DMA. 50DMA is immediate resistance and placed at 1711.50 level. Please refer below chart : 1 day Time Frame. From chart we can see that range of 1710-1720 is critical resistance zone. Sustainable breakout of it will make it bullish again. Please refer...
NSE:INFY All the levels and most of the trade setup still remains the same as per previous. Trade Setup for Date 26-10-2021: 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...
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...
we are buy infosys current level and hold for resistance level