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.
INFY 75m chart has completed head and shoulders pattern and has given a breakout today with above average volume. The price action is bullish and we can look for long opportunities on Thursday when the market opens after a day off. Any retracement to breakout zone of 1415 can be a good opportunity to go long with targets of 1445/1470/1495.
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
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.
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...
INFY :
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...
🔴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...
NSE:INFY
Simple Trade setup for INFY for 02-08-2021.
Chart and levels are simple to trade intraday on 02-08-2021.
Do comment if you have any doubt or suggestion.
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...
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...
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.
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₹
![INFY: Simple Trade Setup | INFOSYS | 14-10-2021 [INTRADAY]](https://s3.tradingview.com/t/T062PMVH_mid.png "Simple Trade Setup | INFOSYS | 14-10-2021 [INTRADAY]")
