Infy has made a FC bar on day before yesterday which will be confirmed by Monday's candle if it doesn't break FC 's high. Black line shows the slope of trend which was verified to the past support and resistance. FC bar shows the short squeeze (SLBM ) has happened along with equity transferred from strong hands to weak hands at higher level. Consider the closing...
Is it compulsory to that stock should fill the gap after a huge gap up?
Is it compulsory to take a short trade in any stock which is showing strong momentum on the upside?
As per my analysis it's very difficult to get the follow through in short trade if it will trading above 890. Sustain below 890 it my test it's next demand zones on the downside.
912-922 is...
Educational Purpose only!
Hello Friends,
On daily time frame yesterday nifty opened big gap up and formed inverted hammer. To digest that big momentum it has to go sideways so this is good oppourtunity for option traders, simply sell a infy 960 CE and wait for some days you will get theta value.
I 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...
NSE: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...
Key Levels for NIFTY50 : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~10872
FIRST TARGET~10917
INTERIM RESISTANCE~10962
FINAL RESISTANCE~11015
********************
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.
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...
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
Note: 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.
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.
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...
INFY SHOWING ONE OF THE RAREST PATTERN CALLED THE "ABANDONED BABY"
BROKEN OUT OF AN INSIDE BAR ON WEEKLY CHART
POSITIONAL TRADE IN INFY
BUY@750
STOP@725
TARGET-1@780
TARGET-2@795
