SHORT INFYI hope you can now see how the INFY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
INFY
INFOSYS Result Based ViewNSE:INFY
Infosys will declare its result tomorrow. Currently Infosys is around the strong resistance region marked in the chart.This is a very strong resistance as it was formed a long time ago.Even with Nifty fall today Infosys hasn't fallen much due to speculation around the result. Even after factoring the decline due to ongoing crisis Infosys has been able to put up a good performance.TCS aslo earlier this month declared its result and was able to drive a small rally upward.Expecting INFY to beak this support zone tomorrow and move toward the next resistance.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 10/07/2020 FRIDAYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10872
FIRST TARGET~10917
INTERIM RESISTANCE~10962
FINAL RESISTANCE~11015
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LOWER BREAKOUT~10783
FIRST TARGET~10738
INTERIM SUPPORT~10689
FINAL SUPPORT~10640
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Infy - inside bar breakout failure Trade setup Inside bar in Infy could not breakout and came back inside the range again.
In most of the cases, the direction reverses after a breakout failure
Trend lines are something that attracts price like a magnet and Infy is trading quite near to trendline resistance, That may cause price to rise to touch the trendline and fall. That's one of possible scenario for our setup to fail but
In given scenario the if we look at the setup - risk-reward looks quite attractive
Trade setup provided in the charts
Happy Trading
infy trade setup stop loss targets and personal views infy i see the stock shown underperformance as compared other stocks and added to it not shown much to help index in the recent upmove
now as index is 1000++ point up in 4 /5 days
a pullback cnt be denied
thus the responsibility to hold comes on shoulder of non perforforming counters
INFY - Wedge pattern breakout and pullback doneNote: This is for educational purpose only.
After wedge pattern breakout in nifty, seems pullback is done. Hammer candle stick pattern on resistance turned support formed. If price closes above high of the hammer, there might be a confirmation of uptrend.
INFY modernize plan explication:On my last advise of "INFY" impeccably followed the channel support, and progress up.
On INFY there is a perfect channel is formed. The stock is revolving between the channel.
Price is currently near the control line. It is expected to move from the current level to 752 price point, that is till B point.
Below 723 price can be bearish.
Investors outlook on channel for trading:The separation between the two trend-lines needs to be wide enough if you want to trade inside the Price Channel Pattern.
If this is the case, you can buy at the channel support level and sell at the channel resistance level.
This is a more powerful and fair way to gauge what the price is doing.
This is because you’re looking to determine upwards and downwards price limits that contain the price.
RELIANCE KEY LEVELS SUPPORT AND RESISTANCE 29/06/2020 MONDAYKey Levels for RELIANCE INDUSTRIES : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1755.30
FIRST TARGET~1769.15
INTERIM RESISTANCE~1783.50
FINAL RESISTANCE~1801.40
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LOWER BREAKOUT~1736.85
FIRST TARGET~1726.10
INTERIM SUPPORT~1713.55
FINAL SUPPORT~1688.45
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
NIFTY50 KEY LEVELS SUPPORT AND RESISTANCE 29/06/2020 MONDAYKey Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10435
FIRST TARGET~10481
INTERIM RESISTANCE~10531
FINAL RESISTANCE~10593
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LOWER BREAKOUT~10336
FIRST TARGET~10295
INTERIM SUPPORT~10252
FINAL SUPPORT~10200
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.