sell in channel
👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
Infosys 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...
INFOSYS, always move like its sectoral index. In very good symmetrical triangle pattern. Enter on buy side it close above trendline near 1395.
NSE: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...
The 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 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...
INFY have daily demand zone at price range 1284-1259 and good support level at 1230. Both levels will be good zone to buy stock. According to market movement and sustainability of INFY stock we can buy near these zone for further see a good upside movement.
A 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...
infy currently forming channel structure and also announced 4th quarter result so take your position carefully.
INFY 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...
All the reasons for the trade have been mentioned in the image. ----Happy Trading
Note: 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₹
The stock seems to form the double top pattern and it may test 1250 levels soon. If it breaks it we would see a further bounce. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Hey Traders, Infy made butterfly bearish Harmonic pattern. We an expect correction here. Have an eye. Keep supporting and guide me if there's any mistake or improvement needs to be done.