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 Break A Good Trendline With Bulish Patterns
Price trading near all time high and after taking support from the trend line price rejected from the same levels in the last week and this week beginning itself it was broken and the price almost breaks the high. Price is looking super bullish and expecting to set new all time high record for the week.
After many days consolidation infy preparing for breakout. Just needs some confirmation RSI and Trendline breakout.
I hope you can now see how the INFY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
Note: This is for educational purpose only. After wedge pattern breakout in nifty, seems pullback is done. Hammer candle stick pattern on resistance turned support formed. If price closes above high of the hammer, there might be a confirmation of uptrend.
On my last advise of "INFY" impeccably followed the channel support, and progress up. On INFY there is a perfect channel is formed. The stock is revolving between the channel. Price is currently near the control line. It is expected to move from the current level to 752 price point, that is till B point. Below 723 price can be bearish.
Note: This is for educational purpose only. There seems to be a bullish wedge pattern breakout with spike in volume. RSI above 60 is additional point to support this breakout.
Note: This is for educational purpose only. There seems to be a wedge pattern breakout with formation of bullish engulfing candlestick pattern. Moreover, there is a spike in volume and RSI is above 50 which indicates bullish momentum.
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...
Infy Dividend Effect Keep watch... Do not enter before confirmation and also consider global factor MUST watch RETEST In dividend Effect break the support line so wait retest