Infosys ready for breakout. 1383 good levels to accumulate.
1. Price action 2. Bullish pennant pattern show
infy made symmetric triangle . trade the breakout side.
1. Price action 2. Rising wedge pattern show 3. Support and Resistance imp levels
1. Price action 2. Support and Resistance
Stock 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 on good buy level , daily time frame trendline and support
INFY 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...
Trading 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 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. **************************************************************************************************************************************************************** You can also see my other stock...
Short @ 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 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.
Levels mentioned on chart. Stocks seems to be getting continuous support at this level.