INFY - 29th June 2022Infy running into Resistance between 1495-1470 Levels.
Bears can be dominant below these levels in pushing prices lower.
INFY
Infy buy Positional in cash or fut Target 1780- 1800- 1845- 19Infy buy Positional in cash or fut
Target 1780- 1800- 1845- 1900- 1925-2050+
Sl below 1665
Option players can buy 1760 CE trading @ 19.55 rs
Target 35- 50-70-85-90+
INFY more downside below 1518- Intraday LevelsIf INFY crosses below 1518 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA , looking at the direction, a fall is expected as the trendline is also broken on the downside.
INFY is at short term resistance zone1) consolidation Pattern
2) Gap , if breaks upside we can witness a short covering
3) Today market sentiments are good (supportive market)
4) overall sector looks bullish at least in intraday.
note: very short term view
Infosys Chart Analysis !!📈 Infosys 📉
My Findings :-
1. Breakdown of Strong Support Zone of 1660-1680 with GAP.
2. Lower High and Lower Low Formation.
3. Close Below Seven Months Low.
4. But IT Index at Support. To get more confirmation can be waited till IT Index Breaks down. Check IT Index Chart below for reference.
Bias- Short
Target- 1541, 1441 and 1313
SL- 1760
RR- 1: 2
IT Index Chart :-
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Cautious !!Earlier support line is acting as a Resistance line.
Enter only when Resistance is broken for target 158, though momentum shows uptrend, Short term trade to be done on caution.
BULLISH HARAMI PATTERN IN INFY.As one can see, there is a bullish harami pattern in nifty which means one can go long in INFY keeping the stoploss below mother red candle low or 1400 as per your risk appetite, with a target of 1540 which is almost 1:2 RR.
Be quick and agile in booking your profits as this is still in a downtrend and the global scenario is still the same.
There is positive RSI divergence as well, which indicates there is a slowdown in selling.
Will INFY ReverseEnding daigonal supported hidden bullish divergence, watch out for reversal till 1630/1660
POSITIVE DIVERGENCE; INFOSYS# INFY has a strong support near 1480-90 region, also it is showing a Positive RSI Divergence in daily & weekly charts. I believe it is a good time to accumulate. Constant compounder, Cash rich Behemoth.
#infosys #infy At support NSE:INFY
As we can see Infosys stock at one of major support even RSI Divergence seen on daily time frame, we just need price action conformation for Swing long.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
InfyInfy CMP 1297
looking at the structure ,
With today's Low intact,
Expecting it to move up...
Chart is for study purpose only!!!
TCS Reached Major support level !!NSE:TCS
#TCS BO level shared in Aug 21 and it booked 20% profits. Now stock reached the same level 5th Time.
Seems to be weak below 3370.
Marked levels for practice.
Happy LEarning !!
techm nse indiaIT stocks are trading in nearby 200dma
using benifits with swing and daytraders,
check it all it stocks.
Infosys - Possible Reversal Coming ? Below are my Observation
1. Harmonic Pattern - 161% correction
2. Good Volume Delivery for 20 day average
Target & SL is as shown on the chart
INFYInfy on a daily timeframe showing reversal. It has seen taking support from the ascending trend line.
If it sustains above 1600, we can see more short covering and uptrend in price. The idea will become invalid if sustains below 1550 levels.
Please note I’m not a sebi registered analyst.
Please analyse your self before investing.
INFY - On The EdgeTesting final support of 1550 again & again
Currently in downtrend & triangle pattern
Seems like bear are weakening
But strength is only above 1590
Below 1550 stock has huge downside potential
Above 1590 can test 1850 again
INFOSYS Expecting some bull baCK rally in #INFOSYS till 1620 to 1640 levels ( #Sell_on_RISE). Fresh buy for Long term can deploy first 30% now.
Though i'm in bearish trend but expecting some pull back in NIFTY which move towards minimum 17130 to max 17473 to 17653 levels, then huge fall ( #SELL_ON_RISE market).
Thank you for Following.
INFY long scalpFierce fall, giant company. Expecting it to bounce to fill all the 'inefficiency'
Tight stop of 2.3% with 5RR+ reward
GL/
Things are not looking good for INFY!#INFY has broken down TL support on Monthly Time Frame. Confirmation by Month End.
Next major support: 1540-1545
Best buy zone: 1320-1415 (if BD is confirmed)
