NSE:INFY
#NSE:INFY trading @ resistance, Potential levels marked on chart for LEarning.
Do ping me in case of clarifications.
Details under this chart available.
Several key stocks, including HDFC twins, are near or below their pre-COVID highs. In fact, Banknifty has approached the level, too. Could this be a tuning point for the market? What's your view?
#INFY
Sell-Below 1650
Sl-1700
T-1510
#INFY- The stock has made a bearish setup in the higher TF. It has made a Head & shoulder pattern in weekly TF. Trading almost on the neckline. Along with that the stock has made a descending triangle in daily TF. This stock is untouched in the current Profit booking since Oct 2022. Stock is ready for a new price structure in...
NSE:INFY
Trade Setup for 07-03-2022
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 support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or...
#INFY on Weekly Time Frame. 1525 WCB can be SL for Short Term Investors. If that's saved, we can again see 2200+ levels in coming weeks. All depends on how IT performs in coming days!
NSE:INFY was making higher high from past 6 Months and taking support around 1650. Now after a continuous sharp fall from 1950 from last 2 weeks now It has touched 1650 and again took a support and given a Quick Reversal now from here at 1700 we can go long with at least 50% Qty and rest can be added on retest and target can be should be 1950 and a resistance...
All analysis has been given on charts itself.
The stock has been bouncing from the support Level, hence the stock may bounce back from there again. Hence Trades must be taken only above suggested levels of 1855 i.e Confirmation Level.
Upcoming Target: 1920 and 1942.
Feel free to share your feedback and queries.
Infosys made today low 1700 and recovered well from psychological level. If rallies continues there might be sharp pull back from here. immediate target for 1780 and sustains above 1800 then target 1900/- can be seen again !
NIFTY50 may open gap up because of good Q3 results of ICICIBANK, if nifty sustains at the upper levels we can see levels of 17800/17950 in NIFTY Future.
If on the lower hand levels of 17500 breaks in Nifty Future we can see levels of 17450/17320 in Nifty Future
it seems a clear 3rd wave extension and it feels the top of 3rd wave has been created it may retrace to the marked levels and may become ready to launch again into wave 5.
Key highlights:
1. Approaching 2 day demand zone
2. Bullish market structure on HTF
3. Continuous support from 200 MA in the recent past
4. Just in the flip zone
5. Psychological level of 1800
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar...
Despite a considerable gap down opening, the indices were able to recover well in the last half an hour. This was largely thanks to stocks like ICICI Bank, HDFC Bank, Reliance, etc. With Reliance earnings announcement scheduled for today, could the markets be ready for a 'dhamaka' on Monday?
Infy Long
NRC's seen last week, now breakout confirmed
RSI-68
Buy at CMP- 1868
SL- 1789
Target- 2015
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
![INFY: Simple Trade Setup | INFOSYS | 07-03-2022 [INTRADAY]](https://s3.tradingview.com/q/qtkIs7ht_mid.png "Simple Trade Setup | INFOSYS | 07-03-2022 [INTRADAY]")
