INFOSYS - POSITIONAL TRADE WITH VERY GOOD R:RSymbol - INFY
INFY is currently trading at 1942 & approaching ATH resistance zone.
I'm seeing a trading opportunity on sell side.
Shorting INFY Futures at CMP 1942
I will be adding more position if 1980 comes & will hold with SL 2025
Targets I'm expecting are 1780 - 1700 - 1580
P.S. : INFY is approaching ATH resistance zone after a long time. ATH resistances are usually hard to break in one go. To break this resistance, INFY must spend some time here (2-3 weeks) before breaking out. Only then we will see more price growth towards the upside. As of know, given modestly high valuations of INFY & overall market, The setup looks more towards negative side & It is highly likely that the price will take resistance from here & change its course to south. I've shorted far month futures already.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Infyanalysis
INFY: Consolidation near ATHThe stock is consolidating neat ATH where as overall IT sector is on the up-move.
This stock is just gathering all power to break and sustain it's ATH.
Till now there is no closing above the consolidation but once it is there, this stock has all potential to move up to 2500 levels.
DISC: The publication idea is just a technical analysis and should not be considered a buy or sell recommendation. Please consult your financial advisor before taking any trade.
medium term shorting opportunity in InfosysHi,
NSE:INFY has given a bearish flag breakout on weekly charts with very good volume.
MACD is also on the bearish side on Weekly and Monthly time frames. RSI is also on the bearish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the current momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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INFOSYS - ANTICIPATING REVERSALSymbol - INFY
INFOSYS is currently trading at 1445.
1450-1400 is a good support area for INFY.
I'm seeing a trading opportunity on buy side.
Buying INFY Futures at CMP 1445.
I will be adding more if 1425 comes & hold with 1395 SL.
Targets I'm expecting are 1495 - 1570 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Update on InfyInfy has given great breakout of trendline and when we share technical analysis in October we were positive and this is what happened and given a decent return since then..
Today, there is a news that a huge number of deal were terminated so that we have seen correction in the stock but as a technical analyst this correction is just healthy and part of retest to trendline.... after retest we can see major bounce back in the stock and can give huge return...
INFY: Descending Channel and Flag BreakoutINFY is showing *early* signs of breaking out of a weekly flag pattern and descending channel. Keep on watch. This coincides with the CNXIT parallel channel breakout pointed in earlier idea . RSI is high, though volume change is not significant. Big gap resistance ahead.
Infy Ichimoku Breakout Stock Name - Infosys Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1504
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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INFY FOR BREAKOUT AFTER CONSOLIDATIONInfy 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
INFY longThe 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
will infy crash 10% cause of selling in us market?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 - low risk high reward long Swing trade opportunity
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 confirmed by the Wave Volume Divergence Indicator.
A strong support line, represented by the purple line plotted on all three time frames, making it a low-risk, high-reward trade opportunity to initiate a long position near that level.
The Daily Time frame displays a 1:2 position, and the first target has been identified. To maximize potential profits from this trade, traders can trail both their Stop Loss and Target.
In conclusion, Infosys is currently presenting an enticing trading opportunity, as it is trading within a robust support zone visible on multiple time frames, and has formed a bullish engulfing candle on the weekly chart. Coupled with a decrease in selling volume and a bullish divergence confirmed by the Wave Volume Divergence Indicator, it appears to be a low-risk, high-reward trade to initiate a long position near the strong support zone.
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