Simple Trade Setup | INFOSYS | 02-11-2021 [ INTRADAY]NSE:INFY
Observations:
1) On daily time frame, we can see it has been taking resistance from 50DMA.
50DMA is immediate resistance and placed at 1711.50 level.
Please refer below chart : 1 day Time Frame.
From chart we can see that range of 1710-1720 is critical resistance zone.
Sustainable breakout of it will make it bullish again.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 02-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Infyanalysis
Simple Trade Setup | INFY | 26-10-2021 [ INTRADAY]NSE:INFY
All the levels and most of the trade setup still remains the same as per previous.
Trade Setup for Date 26-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFOSYS | 25-10-2021 [ INTRADAY]NSE:INFY
Observations:
1) On daily time, we can see that after 3 days of profit booking, it took support from 50DMA and managed to close above it.
Also, if you remeber earlier, level of 1700 is major critical support.
As far as it is giving closing above it, it has chance to start bullish run again.
Major immediate resistance is at 1760 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 25-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
INFY has closed below 200 EMA , go short if it Infosys has closed below 200 EMA of 15 min time frame, the purple line is moderate demand zone , you can go short for a intraday trade if it breaks the zone. Check IT sector in the morning to add a little more confirmation to your trade. It will go down after breaking the zone , as it tries to fill the gap from 1720 to 1740. Place a proper stop-loss .
Simple Trade Setup | INFOSYS | 19-10-2021 [ INTRADAY]NSE:INFY
Trade Setup for Date 19-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFOSYS | 18-10-2021 [INTRADAY]NSE:INFY
We saw on 14-10-2021, after gap up opening and initial 15min trade, it started falling down with profit booking.
We observe that money rotation goes from IT sector to BANK and BANKNIFTY made new ATH.
And FII were net buyers and becasue of it HDFC and HDFCBank shot up.
Observations:
1) On 1 day time frame, we can see good thing is that it took support from 50DMA which is placed at 1700.51 level.
1700 level will be now very critical support level. Sustainable breakdown of 1700 level will lead it to more profit booking.
But overall trend is positive for INFY. One who are holding equity can continue holding it.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
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All these stock levels shared and almost all got blasted results, check the other stocks shared and how it got resulted.
Also don't forget to till your bags as much as you can.
Have a Happy trading.
If you like the analysis, Hit like button and share it with your friends to extend your Support.
NSE:INFY LongNSE:INFY
#INFY trading @ Resistance zone and breakout will give positive momentum
Above candle closure and be traded options too.
Have a Happy trading.
Levels Perfectly captured & shared for FREE Everyday !!
If you like the analysis, Hit like button and share it with your friends to extend your Support.
Simple Trade Setup | INFOSYS | 14-10-2021 [INTRADAY]NSE:INFY
Observations:
1) On 1 day time frame, we can see that now it closed above 50DMA as well as 1700 critical level.
Which is a good sign. Downside breakdown of it, may result in profit booking.
Please refer below chart : 1day Time Frame.
2) On 1 hour time frame, for short duration we can see rounding bottom pattern in formation. Neckline is at 1730 level.
If it opens gap up above neckline and test 1730 level and takes support from it then it will give bullish move.
But if it breaks down then it have immediate support at 1700 level.
Please refer below chart : 1hour Time Frame.
We can also see the critical resistance range of 1730-1740. Above this range it will be bullish.
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For positional buy trade safe buy will be above 1740 level only. Short to Mid term target will be 1850-1880 level.
Keep SL as per your convenience.
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Trade Setup for Date 14-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
INFY : rectangle patternINFY :
Trading in rectangle pattern and taken good support in the daily time frame.
in 15 min TF, also taking support from the trendline. We may see once break resistance as per the chart.
This is for educational purposes only and my personal view. Please check from your end before entering in to trade.
Please Like and comment for more & regular studies for Nifty, Banknifty & Stocks.
Facing Strong selling pressure INFY is facing strong selling pressure at higher levels after a gap up opening if it breaks the support level then it will be difficult for infy to go up so keep eyes on INFY for any movement.
Disclaimer:- This for educational purposes only do your own analysis before investing hard-earned money.
INFY - Cristopher Nolan PatternINFY has been trading in the range 1665-1755 for almost two months. It has given some move on the upside, although it hasn't crossed/closed above ATH. MACD crossover is at the inflexion point, meaning signal line is about to cross, may be tomorrow. Also, there are multiple reasons why this is a good long candidate.
4) It is trading at 15% discount from IT index, its peers.
3)Has consolidated for a good two months
2)W pattern
1) Cristopher Nolan Pattern --- W inside a W
Everything you need to know is in the chart.
In short term: The first target is 1807 and second target is 1857, keeping it sweet and simple, although it has potential to cross 2000.
Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision.
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Comments and Criticism are welcome.
Infosys - Swing started🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade