NSE:INFY
As we can see Infosys stock at one of major support even RSI Divergence seen on daily time frame, we just need price action conformation for Swing long.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade...
NSE:TCS
#TCS BO level shared in Aug 21 and it booked 20% profits. Now stock reached the same level 5th Time.
Seems to be weak below 3370.
Marked levels for practice.
Happy LEarning !!
Infy on a daily timeframe showing reversal. It has seen taking support from the ascending trend line.
If it sustains above 1600, we can see more short covering and uptrend in price. The idea will become invalid if sustains below 1550 levels.
Please note I’m not a sebi registered analyst.
Please analyse your self before investing.
Testing final support of 1550 again & again
Currently in downtrend & triangle pattern
Seems like bear are weakening
But strength is only above 1590
Below 1550 stock has huge downside potential
Above 1590 can test 1850 again
Expecting some bull baCK rally in #INFOSYS till 1620 to 1640 levels ( #Sell_on_RISE). Fresh buy for Long term can deploy first 30% now.
Though i'm in bearish trend but expecting some pull back in NIFTY which move towards minimum 17130 to max 17473 to 17653 levels, then huge fall ( #SELL_ON_RISE market).
Thank you for Following.
#INFY has broken down TL support on Monthly Time Frame. Confirmation by Month End.
Next major support: 1540-1545
Best buy zone: 1320-1415 (if BD is confirmed)
📈 Infosys 📉
In the market where every sector broke all important supports, IT it still holding and it shows relative strength of sector.
Infosys is breaking out from a triangle after testing multiple support zone of 1665-1680 since September 2021.
On Buy Side I am looking for 1800-1820 zone as first target then followed by 1900-1940 zone.
All Important...
Infy
- the stock has seen a lot of consolidation around 1850
- 1800 zone is an important support level
- above 1954 doors would open up for further upside
Till the time the stock is able to hold on to 1800 odd levels the stock has a very good probability to scale new highs and eventually move towards 2200-2400 zone...
The analysis is done on hourly TF hence price may take hours to few days in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
NSE:INFY
this might be good break out swing trade, trade as per your trade setup.
everything mentioned on chart.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not...
