INFY
INFOSYS breaking important trendline may give good tradeInfosys made head and sholder pattern too and breaking important trend line (blue) will bring some selling pressure below 1650
if it sustains below 1650 than 1640 immediate target
if 1640--38 is too broken down than sharp correction towards 1610 may follow in coming days
#HAVELLS CMP 1046.70 Target 1216(15+%) #banknifty #nifty #equity#HAVELLS
NSE: HAVELLS
CMP 1046.70
Target 1: 1215+
SL 999
Time Frame < 2 months
Can hold the stock after booking at 1215> might rally ahead.
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
INFY Channel BreakoutI have made a channel pattern for infy over a month and now INFY has made upper breakout
Entry above 1630 after checking momentum
If momentum is absent expect potential retrace for few days and then bounce back , Book entry anywhere between 1600 - 1630 on retracement
Target = 1700 & above (Target is Discretionary based on momentum hold for next few days)
Infosys Trading Setup View|30-7-2021As Describe In Chart
Trade Accordingly.
Support And Resistance
Lines Plot On Chart.
Once You Buy or Sell
Then Always Book Partial Profit.
Do Not Wait For Final Target.
Note: As We Seen Today After Opening Market Continue Sell Off In That Case Wait For Sometime To Take Entry In Either BUY Or SELL Side.
Thanx.
Weekly analysis of Nifty, Banknifty, top stocks with imp levelsWhere do you think the stock market is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
Nifty, Banknifty, Top Stock Analysis & More with levels for tomoNifty50 and Banknifty saw a day with some profit booking. IT appeared to be lagging, but that's understandable after a strong run so far. Many top stocks look very well placed.
Where do you think the stock market is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529, 36,455
INFY Trade Setup For Week As of Now My View With IT SECTOR is BULLISH...
INFY Took Resistance 1588 and then we see Profit Booking which was expected after BOOM in ITSECTOR
No we Have Some levels for NEXT WEEK ...
If infy take SUPPORT from TRENDLINE which is near- 1552-1556 then we will take trade for target of 1588
and if it broke the TRENDLINE then take trade at 1540 and target will be 1588
if infy not sustain on 1540 then we will go for agrresive short levels are mentioned on chart
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Infy: Triple top formation observed in hourly chartInfy
CMP 1555
- The set up has a target of 1496-1508 levels on the down side below which there could be further extension fall towards 1453-1465
- on the upside I would be cautious if Infy trades above 1578
- note I do have my bias in Infy
so do your due diligence
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
Infy: Chart set up and trading strategy for July monthInfy
Observation
- After result announcement, Infy goes into consolidation mode for a 2-5 weeks
- it then has rallied 17-27% till the next result announcement (calculation done on a opening or closing basis)
- current rally is measured at roughly 21% so far and another 9 trading sessions to go
- if Infy is to follow the blue channel, then we have be at the top end of the channel
- however if Infy is to follow the red dotted channel, then there is a scope for a price movement up to 1671 odd levels
Given the set up, F&O strategy that one may consider
selling Infy 1660 Call option around 12
The strategy has a max profit potential of Rs 7200/- per lot
More importantly from risk management point of view, it covers risk of rise in Infy price up to 1672 levels till 29 July 2021.
Take care & safe trading
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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