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INFY

Short term Swing trading opportunity in InfyShort term Swing trading opportunity in Infy Reasons/Traits : • Bearish Butterfly pattern formation yet to form • Dark Cloud Cover candle formation seen today • Symmetrical Wedge pattern formation is seen – Break out or Break down can happen in this formation for an intraday/short term swing trade • Price is under 20 SMA with decreasing volume What can happen next : Scenario 1 : Uptrend can continue to complete Harmonic pattern and reach 1.27/1.618 levels ( 1735/1755/1780/1800/1815) post break out of the wedge pattern Scenario 2 : Downtrend post break down of wedge pattern to reach 1675/1660/1650/1620 levels or till 50 SMA is touched and can take support there Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:INFY
by AdhigamaTrading
Infy: Chart set up and trading strategyInfy - Come October we have the result season in front of us Looking at the chart set up now: - The stock has fallen from 1760 odd for the 2nd time and establishes the importance of the zone as possible resistance zone - on the lower side 1595 zone acted as resistance earlier and has a possibility of acting as support zone Given the set up, Strategy that may be considered Short Strangle Sell 1820 Call option currently around 26 Sell 1580 Put option currently around 26 Max profit potential Rs 31200/- per strategy lot (Yield potential 17% approximately till 28 October 2021) Inbuilt loss protection for a - rise up to 1872 on the upside & - fall in price up to 1528 on the lower side Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:INFY
by indiamarketoutlook
INFY - Cristopher Nolan PatternINFY has been trading in the range 1665-1755 for almost two months. It has given some move on the upside, although it hasn't crossed/closed above ATH. MACD crossover is at the inflexion point, meaning signal line is about to cross, may be tomorrow. Also, there are multiple reasons why this is a good long candidate. 4) It is trading at 15% discount from IT index, its peers. 3)Has consolidated for a good two months 2)W pattern 1) Cristopher Nolan Pattern --- W inside a W Everything you need to know is in the chart. In short term: The first target is 1807 and second target is 1857, keeping it sweet and simple, although it has potential to cross 2000. Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision. If you like the idea, give me a thumbs up and share it with others. You can choose to follow me too. Comments and Criticism are welcome.
NSE:INFYLong
by UnknownUnicorn24887800
Infosys - Swing started🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:INFYLong
by PrakWorld_Traders
Infy: USDINR inverse co-relation & Moving Average Play potentialInfy CMP 1702 Observations - 20 day EMA currently around 1691 - 50 day EMA currently around 1618 a close below 20 day EMA may lead to fall towards 50 day EMA also keep a close eye on USD INR. If Rupee strengthens further (towards 72 levels) the probability of Infy falling towards 50 day EMA would increase ___________________________________________________________________________________________________ Given the set up, F&O Strategy suggested: Bear Call Spread One may consider to Sell 1760 Call option Currently around 19 Buy 1820 Call option currently around 8 Max profit potential Rs 6600/- per lot (Yield potential 10.5% approximately) Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:INFY
by indiamarketoutlook