You can buy Infosys for short term with small Stoploss and big target, Infosys made Symmetrical pattern yesterday and stand at it's breakout today.
Buying : 1348
Stoploss : 1342
Target : 1372
Infy on Daily TF made long legged Doji/Hammer after gap down
Consolidated in same range for last 13 days
In 1 hr TF gave Breakout with volumes and then sideways consolidation, trading near upper side of Range
Aggressive Traders make entry here else can wait for breakout and Retest of consolidation Zone
4 Future targets ready for Infy. Having 2 Gaps in the stock.
Disclaimer:
Only for education purpose. Investments in stock market is subjected to market risk do own researches before investing.
INFOSYS is now present at important support zone1265 ,( june 9th) also same place support has been take and good rally upside has been seen 1260 zone also has huge PE writing in option chain which may also act as support so combining all the factors it should be bullish untill price stays above 1265
The chart pattern is suggesting that INFY is trending upside and today's closing is signaling that the stock has the strength to go up. As per the chart next stops should be 1333 and 1374.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
The stock COFORGE is buy on every dips as long as its above 4100 levels , keep sL at 4000 levels and buy gthe dips , risk reward is highly favourable and can give good targets of 4900/5100/5500 in coming days if view goes right
after a big gap down infy consolidated in certain price range
form here it given range breakout it may try to fill that gap
nifty it is turning back It stock will get movement from here
Tech mahindra , the IT giant which had fallen almost 50% from its 2021 highs has been consolidating in a range from 1150 to 1000 levels for more than 300 days , any breakout on either side will give huge movements on either sides , on upside if theres breakout the stock can test 1400 levels (20%) , on downside if theres a breakdown a big fall is possible towards...
NIFTY IT index is currently in a sideways territory , there is high possibility that the levels of 32k to 33k will act as a decider point for trend in coming days , anything sustaining above 32-33k levels will lead to a bullish rally towards all time highs , if index rejects and sees selling pressure from 32k-33k levels , there can be another big correction coming...
