Looks like most of the large cap has already made a bottom in corona selloff.
One who follows pure support and trendlines would have made awesome entry in most of the stocks
For INFY check the chart for levels
INTRA-DAY TRADE IN INFY FUT
PLEAE ADJUST FOR FUTURE RATES
BUY@668
STOP@660
TARGET@678
QTY=2400
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
Key Levels for INFOSYS are :
Upper Breakout~591.85
First Target~598.15
Interim Resistance~604.95
Final Resistance~612.25
**Lower Levels**
Lower Breakout~580.65
First Target~575.30
Interim Support~570
Final Support~564.65
Please trade with caution and consult your financial adviser before trading.
These are the two Major trendlines which has a lot of significance for INFOSYS , a test to that trendline is possible in longer term and then a major bull cycle will come ahead. If INFOSYS goes for a complex correction over the period of time then that white bold is where C wave can have rest for further trend reversal.
The Dotted Trend line is where C wave can...
This is the macro view of INFOSYS with Elliott Wave
Even If we look at Macro view of INFOSYS using Elliott wave we have already completed the 5th wave.
Right now we are moving in B wave and then C wave is yet to come to near 516-521 level, lets see if we move there in long term or not
NSE:INFY
Hello Traders! :)
Here's a Trade Idea Forecast for INFOSYS
I have been bearish on INFOSYS from the past few months when it broke that trendline .
Now as per the current scenario INFOSYS is moving to a rejection with bearish price action , So i am expecting it to get rejected from that level i have mentioned in the chart which is around...
warning: this idea is to journal my findings for my personal use. Advising you to do your own analysis before entering
I am keeping a tight stop loss, once the target is reached, I might be putting rolling stop loss
1.After a sharp fall from 832 levels nifty has tested the 754 levels.
2.after a pullback at 61.8% levels again downside is possible
3.price has resistance of 200 EMA at 800 levels
4.Price has resistance of horizontal line at 800 levels.
5.Risk Reward is more than 1:2.5
Sell at 795-800 levels Stoploss 821
Target 750-730
Infosys after multiple attempts to cross 800 today crashed more than 3% and broke the support of 775 and closed below.
Chart suggest that INFY next target is 755 from CMP with a SL of 776 on closing basis.
Infosys has broken out of a long consolidation range and further we could look at a trendline resistance cracked. Daily candles have been solid for past couple of days. Noticeably, breakout candle had massive volume. These factors advocate strong bullish bias. Potential magnitude of upward movement can be derived from the depth of the consolidation which suggests...
Double Top pattern spotted in Infy. Pattern is confirmed as price has fallen below the neck level. Thus the stock can be expected to fall to 720.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk...
