infy currently forming channel structure and also announced 4th quarter result so take your position carefully.
INFY on hourly chart is sustain above 200 EMA indicating that stock is still in uptrend. Also observing closely we saw that 200 EMA and Fibonacci 61.8% acted as a very strong support for the stocks. Now talking about oscillator, MACD is giving a really good Divergence between price and momentum. Macd divergence with reversal from levels with good volume is...
INFY has already given a breakout on daily TF. According to 15min TF it has given breakout of the trendline. can buy this stock for intraday tomorrow for target of 1425, and if it sustains above 1425, can take it into swing position also.
The Infosys chart shows a very clearly visible Cup and Handle pattern - indicating continuing strength. Look for new highs towards the indicated target region
INFY gave break out from a bullish cup & handle pattern. Breakout with good volume. Can give good returns of 8-10% in short term, If dollar & CNXIT stays strong. Support: 1385-1390 & 1320-1330 levels.
Date: 05 April 2021 Infosys has formed a bookish cup and handle pattern. It can give 10% upside.
1405.90 has STRONG RESISTANCE, BUY ONLY IF BREAKS THIS LEVEL, and 1405.90 will become SUPPORT and STOP LOSS. OR else Go for SHORT if Breaks SUPPORT (Blue line) STOP LOSS 1405.90. NOTE: These targets are for only POSITIONAL traders/LONG Term Investors not for Intraday traders.
Tech giant INFY is about to break out and could trade at an all-time high price. 1D TF suggests consolidation inside the big green mother candle. Breakout: Major supply/resistance zone High of the mother candle Psychological level (1400) Keep it on your watchlist!
For educational purpose only! A breakout is possible as per daily & weekly charts.. wait for 1400 levels for confirmation.. follow strict stop-loss as per risk appetite..
INFOSYS LTD is on the verge of Breakout. Setup- Cup&Handle Pattern Keep on Radar. Getting Ready for Breakout Entry After Breakout and Again enter at retest Set Up Prepare Stop Loss for Short Term 1340 Stop Loss for Mid Term 1300 Stop Loss for Long Term 1230 I am not a SEBI registered adviser. All the information provided by me are for...
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be a cup & handle formation with RSI just crossing 60. Nifty IT is outperforming Nifty Index today as well. Price above 1400₹ should see more upside. SL: 1315₹
Infosys has just taken a support from its long on going trend line. Expected to reach 1400 by March end.
NSE:INFY The stock looks weak below 1325 might head lower towards 1300/1275/1230 levels in the coming days. --Sell below = 1325 --Target = 1300 | 1275 | 1230 --Stop-loss = 1360 --Expected Profit = ( 7 % ) --Expected Holding = 10-15 days only All ideas shared are for educational purposes.
Expect good profit booking in this counter in coming days. If some 1 is holding position then he/she must exit it.