Infosys took the support of Trendline and Support line. Soon will going to see an upwards movement in INFY. The target price will be near to 2nd Resistance = 1750.
Expecting a reversal movement across all the IT stocks. There is even the possibility of a gap fill before the crash. But still, a crash is of higher probability in the coming weeks.
Infosys forms the W pattern and also the trendline breakout. it will be a good buy at CMP or we can wait to fill the gap Targets are marked on the chart.
Infy can rise sharply Positive setup expecting rise till 1900 if cross and close above 1625-1635 NIFTYIT index keep on radar
I daily make educational content videos for financial markets
1) The stock is at a support zone from where it gave a new high 2) RSI is oversold with low of 19.43 3) The current hourly candle has also closed within the bollinger band. Very high probability that the stock might cover the gap of 1520
: entry & exit is very important : try to manage money management : know your stop loss : find the chart pattern / analysis the chart before you enter
This isn't buying recommendation... I'm just validating / sharing my analysis with community of traders. Although, I have bearish view on Infy because of recent news and thoughts of CEO about the employees. ;) Well, Targets are %age of removal of total investment. 25% removal at every target. And shifting S/L to recent target. 👍
Hi., infy breakout on day chart after long consolitation.., buy at current market price keep stop below 1525 day close basis target of 1660 the pattern is BOX or we can call at as triple bottom.. SL hunting also there ..,if hunting in stock it will move fast & furious keep watch this for long side thank u
Infosys has given a range breakout of Head and Shoulder Pattern , and we have got a closing also outside the range, so this is a good price and time to enter LONG. Risk Reward should be at least 1:1
bull for the next few days if nifty performs well. enter after range breakout
BO can happen because the volume is supporting the price movement. Good RR we can catch here.
INFOSYS looks bullish, Fresh Trendline breakout is seen yesterday (20th July 2022) and Today Retested the previous Resistance which acted as support and now ready to head towards higher levels. I am Looking to Go Long on INFY Future around Current Price 1518- 1520 With Stoploss 1495 And Expecting Targets of 1550/ 1580 in the next 1-3 Trading sessions.
As seen on the charts, Harmonic pattern and MA's indicate an correction to 1650 levels. This is my view and for education purposes only.
IT sector has got the positive vibe suddenly. Educational Purpose.
After a Trendline Breakout and retest, Seems like it is ready for a up move. Since market is not giving a clear direction, it is preferred to have a strict SL of 1430. Target for this trade are 1515(RR 1:1.8). Target and SL are small because Nifty is consolidating in a range from last 4 trading sessions also facing resistance at 200EMA(daily TF).
An ascending triangle is a chart pattern used in technical analysis. ... Increasing volume helps to confirm the breakout, as it shows rising interest as the price moves out of the pattern. ... Volume tends to be stronger during trending periods than during consolidation periods.
for intraday only 15/6/2022 buy above-1439 flag pattern breakout