INFY
Intraday levels - 26 May 20211. Price action
2. Rising wedge pattern show
3. Support and Resistance imp levels
Infy looks weakStock has broken the long term trend line support and one needs to be cautious. if it fails the support at 1300 then we cud see some correction in near future
INFY Analysis- Correction StartsINFY
Sell- Below 1310
SL - 1330
Target- 1280 1260 1220
Go through the chart for more details. I would suggest to avoid buying this stock . If stock corrects to 1200-1220 then will thing to buy in the dip. Till then I will short from the above levels.
Always use alerts for trading.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Resistance at 1500 and support at 1285Trading below 1285 on a weekly basis, we may see 1131 and breaking below that we may see 1010. On the upside 1500 might be a strong resistance in the coming months.
Infosys - For short term profitInfosys - For short term profit
Testing the support for almost 7th time. Can consider to buy at the support and there are chances for at least 5% upside in 5-10 days.
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**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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13/05/2021 Research Report For INFYShort @ C.M.P (Current Market Price)
Buy Target 1 :- 1317
Buy Target 2 :- 1274
SL (Stoploss) :- 1370
SHORT ONLY IN FUTURE CONTRACT | AVOID OPTION
INFY best setups to buyINFY have daily demand zone at price range 1284-1259 and good support level at 1230. Both levels will be good zone to buy stock.
According to market movement and sustainability of INFY stock we can buy near these zone for further see a good upside movement.
Infy at a crucial Level, Global markets hounding.Infy forming a strong bearish pattern on daily chart , on upside needs to cross the right shoulder .
Rsi Bearish below 40, but can act as. a good support, levels mentioned in the chart trade accordingly.
INFY Infosys Trend
Target 1: 1380
Target 2 : 1450
Temporary Resistance seen Around 1400
Support line @ 1320
INFY - Infosys BreakoutCaught up in the fake breakout? A real one is coming soon..
Stock is currently range bound, but will give a breakout as and when it approaches the trendline.
Buy CMP
Best buy 1320
Target - 1600 - 60
Infy Analysis for positional Trading.Currently Infy is in Horizontal channel pattern.
Scenario 1 - If nifty price moves above 1340 we can take entry with target of Rs: 1378 and stop loss is Rs: 1323 (This is small buying opputurnity)
Scenario 2 - And Price further continued and if breaks above 1388 then the we can take entry @ 1388 - Target 1453 & 1474, With Stop loss is 1374
Scenario 3 - If price breaks below 1310, then we can go for Short Entry @ 1310 and target is 1247 and stoploss 1323
Infy - getting ready for deep plungePrice action looks weak on daily chart of the infy and it looks like stock is getting ready for a deep dive, which could take stock to around 1280- 1250 levels .
Infosys Sideways trend capture #Ep1 #LetsMakeMoneyTogetherA good and bullish candle . i.e, prefer a pinbar or an engulfer on 1330 lvls . will establish a buy for the IT giant INFY .... As trend is suggesting .... buy low and sell high in this sideways mkt of infy . For positional purpose : Hold on 1380 lvls to see if it breaks it, educational note : it might note break it in one go but might consolidate there with a pattern .... things will be updated here as per :)
Also if it directly goes and breaks 1380 lvls which is highly unlikely scenario, but if happens go long instantly it might make better money than the sideways trend :)
