Infosys - Ready to smashInfosys is ready to smash the IT sector as it seems so bullish and now retesting the trend line, so give an entry with appropriate Stop loss
🔴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
Infyanalysis
Infy levels for 02/06/2021 and juneNSE:INFY
Major trend is upside
stock started correcting from 9th april onwards.
failed to make LH LL in bigger time frame.(hint for trend change)
1370-1378 is the previous swing high. that level was breached and rallied then it was facing pullback from 27th May onwards.
Currently, the stock faced buying pressure from the confluence of supports.
bottom channel line support of the pullback move.
support of the uptrend line marked.
previous swing high range support.
200ema of 15min.
consolidated in the rectangle range for 2-3 hours and faced buying pressure with good volume.
bullish marubozu engulfing candle in 1hr time frame.
1hr stockastics moving upwards from oversold region.
Major trend is upside.
NiftyIT is also creating a flag and pole pattern.
This is a high probable trade for me. I will be looking to hold as long as possible with SL at 1368.
Can be watched for intraday in the coming days.
Infosys from 29 may 2021The stock is in tight range both side movement possible ... range 1380 - 1420
The upside has a target of 1450
infy can be bought if come down to 1350 ( good support zone )
simple option strategy
sell 1300PE + buy 1240PE with breakeven below 1310 --> very safe strategy
... around 50K premium used get around 2k ---> monthly roi of 4-5% good enough
INFY Analysis- Correction StartsINFY
Sell- Below 1310
SL - 1330
Target- 1280 1260 1220
Go through the chart for more details. I would suggest to avoid buying this stock . If stock corrects to 1200-1220 then will thing to buy in the dip. Till then I will short from the above levels.
Always use alerts for trading.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
Do follow us
Like Us
Share with fellow traders
Also check the below related ideas for other stocks.
Infosys Sideways trend capture #Ep1 #LetsMakeMoneyTogetherA good and bullish candle . i.e, prefer a pinbar or an engulfer on 1330 lvls . will establish a buy for the IT giant INFY .... As trend is suggesting .... buy low and sell high in this sideways mkt of infy . For positional purpose : Hold on 1380 lvls to see if it breaks it, educational note : it might note break it in one go but might consolidate there with a pattern .... things will be updated here as per :)
Also if it directly goes and breaks 1380 lvls which is highly unlikely scenario, but if happens go long instantly it might make better money than the sideways trend :)
INFY ON HOURLY CHARTINFY on hourly chart is sustain above 200 EMA indicating that stock is still in uptrend. Also observing closely we saw that 200 EMA and Fibonacci 61.8% acted as a very strong support for the stocks. Now talking about oscillator, MACD is giving a really good Divergence between price and momentum. Macd divergence with reversal from levels with good volume is indicating that we can look for long setup. Intraday targets are given on chart. Trade at your own risk. Play safe. Strongly maintain your stoploss .
Infosys - Cup and Handle PatternNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a cup & handle formation with RSI just crossing 60. Nifty IT is outperforming Nifty Index today as well. Price above 1400₹ should see more upside.
SL: 1315₹
INFOSYS GAME OVER ???Shooting Star On Monthly Time Frame.
Best Selling Zone 1330-1340, Strict SL - 1400 (Monthly Closing Basis)
If Infosys Breaks & Close Above 1400 Level On Weekly Time Frame In 1st Or 2nd Week Of This Month Than Maintain SL On Weekly Closing Basis.
If Infosys Breaks & Close Above 1400 Level On Weekly Time Frame In 3rd Week Of This Month Than Maintain SL On Monthly Closing Basis.
Target - 10-20-30%
Infosys Ltd- Hourly Time frame- Things may go South before NorthInfy is a "Short" in the smaller i.e. Hourly/15m timeframes and undoubtedly a "Long" in higher TFs.
It seems to have completed (or about to complete) an Impulse 5 move up which is a part of wave 1 of one larger degree which is in-turn a part of wave 3 of the largest degree, if you understand what this means. (Since strangely Trading View doesn't allow you to post 2 charts together, unless you are a premium subscriber, I am unable to post the higher TF charts. You could message me, should you need a copy of the same to be emailed)
Cheers !!
Note : This view would be invalidated if the price crosses 1330 (61.8% ret) with force.
INFY Indraday analysis Entry : 1296.50
Stop Loss : 1289.50
Target : 1304 / 1310
The analysis is based on simple price action only. Entry point given are valid if the resistance / support breaks convincingly. For that learning candlesticks psychology is a must one.
Note : Don't jump in to the trade once market reach the entry level, most of the time will get better entry and that gives better reward. And always trial stop loss to take full target..