INFY - SWING TRADE - LONGwarning: this idea is to journal my findings for my personal use. Advising you to do your own analysis before entering
I am keeping a tight stop loss, once the target is reached, I might be putting rolling stop loss
INFY
Infosys is ready to follow the overall sector?Infosys was hovering around a very strong resistance from past one month, in today’s move it finally gave a close above the same. If the price is able to sustain above it for a session or two the stock may be ready to scale up further. The weekly prices are above the kumo while same is seen on the daily charts too. The CS is free the prices are expected to move towards 795 area. RSI is now at 60 while MACD has moved above the zero line. Immediate support placed at 720 while critical support at 710. Buying on dips above them makes sense.
INFOSYS SHORT FOR FRIDAYonce lower line broken on closing basis in 15 minute candle go short with stop 713.05 targets given
hcl tech trade setup hcltech loosing momentum on multi time frames and is a short on rise candidate with 1140 stop loss
Head & Shoulder: INFY looks bearishINFY looks bearish with Head & Shoulder pattern on 30 min chart
Sell Below @ 710
Target: 698
The tri start doji story in INFYInfy is plaing hide & seek with traders, in the last 3 sessions it formed 3 dojis (tri star doji) these formations comes close to a very high intensity supply zone. While all other IT stocks were faltering infy kept itself tightly clinged to the range, if the range is not taken out buy the buyers in a session or two, it will result into some fast corrections. The RSI is into neutral zone with MACD into bearish territory.
jitna chalna tha chal chuka reliance reliance now to make a reversal....please buy 1200pe and keep it without any fear ........please note that i am talking about november expiry ..........thank me later
happy trading
:)
INFY buy setup - NO PANIC only PICNIC! Buy INFY between 640-590
T1: 845
T2: 960
T3: 1100
T4: 1260
T5: 1500
SL: 490
inFY buy anything below 640/- NSE:INFY current fundamentals negative for this stock. my plan is bought anything below 640/- after market open 23/10/19 and hold , stoploss 524/-
INFY - In uptrend with near term support @ 200 DEMAMoving in a channel. Likely to take support @ 200 DEMA (748-750) before moving towards 800-810/- in next 1-2 weeks.
infy Coming in Selling Zone1.After a sharp fall from 832 levels nifty has tested the 754 levels.
2.after a pullback at 61.8% levels again downside is possible
3.price has resistance of 200 EMA at 800 levels
4.Price has resistance of horizontal line at 800 levels.
5.Risk Reward is more than 1:2.5
Sell at 795-800 levels Stoploss 821
Target 750-730
