1. infy have made base formation at fib 0.5 levels 2. may retest of its breakdown 3. going long above its previous high 1270 with strict sl 4. R:R ===== 1:1 5. for big targets trailing sl should be done
Infy is about to complete correction on larger scale from here we can expect at least 3 waves bounce first confirmation will be daily positive close & weekly close above 1300 would see lot of interest from investors.
NSE:INFY if #infosys breaks daily support of 1365/1345, then only we can expect a fall till weekly buy area of 1250 range zone, if #infy does open 10% down , then it wil be opening at the weekly buying zone, dont rush to buy or invest unless weekly buy zone holds infy fall, if weekly zone breaks then avoid infy for investing purposes.
INFOSYS IN CORRECTION Zig Zag pattern in continuation 5-3-5 5-3 completed, next leg under progress. It's an analysis , not a trading advice. Trade with due diligence.
NSE:BANKNIFTY really held its cool today! During preopen INFY was showing an open rate of -10%, and everybody would have thought we are going to see a massive sell off today. IT sector in total was in focus today as the INFY even though had not so bad results was quoting at 10% lower circuit. I think I saw it go down to 12.3 or 12.5% - since I do not track the...
FIRST THE TECHNICAL VIEW Attached: Nifty IT Index Weekly Chart as of 13th April 2023 In the Chart above, I have mapped out the Potential Elliot Wave Count to play out over the coming Months: - Price has fallen in 3 Waves which is our Larger A Wave - Then Price did a Corrective bounce in an ABCDE structure making up our Larger B Wave - And now the Larger C Wave...
On weekly time frame the stock is trading within 300 points range from so many weeks. Crucial support is placed at 1350, Breaking below the support can trigger strong selling pressure and potential down move will be approx 300 points in coming weeks.
The price action of LTIM suggests that it is in consolidation for a couple of months. the supply and demand are now in a 10-12% range. the script had attempted fake-outs in the past as well which failed at trendline resistance areas. LTIM needs to give a close above this level for any decisive move Failure to close above 4800 makes it a strong resistance...
NSE:INFY looks far weaker than TCS. It is ready to show 1300 levels if it breaks 1380 levels decisively.
Infosys is currently trading within a robust support zone that is visible on both monthly and weekly time frames. The stock has already responded positively to the weekly demand zone and formed a bullish engulfing candle on the weekly time frame. Additionally, selling volume has been decreasing, and a bullish divergence has emerged on the daily time frame as...
Infy (1492) We are looking at weekly candlestick chart In Dec 2022, I had mentioned the level of 1444 to be of crucial importance. The stock made a low of 1446 and then has seen smart bounce from thereabouts. Currently the stock is in retracement mode. Important for Infy to hold on to 1480-1460 zone If withheld then stock can be looked with an upside target...
✅ 1359-1394 is a Strong Support zone ✅ Try to look for Reversal on this zone
Potential Bullish Gartley pattern identified. A Retracement zone of 0.7 was marked from the previous swing for the supply zone. If the D leg is tested with the fall and the price sustains above supply zone targets are marked with 0.382, 0.5, 0.618 levels of retracement of the CD leg.
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. Script = Infy Time Frame = 1 Day
Anticipating an inverted h&S formation on 15 min time frame in Infy on short term....view invalid below 1480/1460 on 15 min closing basis
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow. The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price. The close can be above or below the opening price, although...
Current Trend: 1) Uptrend parallel channel 2) It took a support exactly at 2 level of Fib .FIB cord -(1953.90 -1665.00) 3) currently it took a resistance @0.5 level of FIB exception: year of accumulation zone.. if it breaks the 1654 level , we can except another 300 point movement from there. once this parallel channel is broken upside ,can can except positive...