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
#NSE:INFY trading @ resistance, Potential levels marked on chart for LEarning.
Do ping me in case of clarifications.
Details under this chart available.
Nifty IT is overhyped and euphoric , as it was there in Nifty . Short Infy as it is one of the leader of IT sector after TCS .This will play role in falling of Nifty IT.
Note : This suggestion is Data Backed from Stock Data Science . You can take positions after consulting your Financial Advisor . Please manage your risk accordingly.
NSE:INFY
Observations:
1) On 1day time frame, as expected it is consolidating above 1800 level now. And volume is slowly decreasing.
But good thing is that it is holding above 1800 level.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of...
I hope you can now see how 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 favor.
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 the...
NSE:INFY
Observations:
1) On 1day time frame, it made kind of double bottom pattern.
It is having immediate support range of 1800-1810 level range.
Please refer below chart : 1day Time Frame.
2) Also on 1day time frame, it made Doji candle at top with high volume.
If it trades below the low of this candle then we can see down move and if it trades...
NSE:INFY
Observations:
1) On 1day time frame, today it closed above triangle pattern and it was breakout with increased volume.
If it sustain out of this trianlge then we can see good upmove.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 17-12-2021
1) Don't Jump in to trade at the beginning...
Infosys has closed below 200 EMA of 15 min time frame, the purple line is moderate demand zone , you can go short for a intraday trade if it breaks the zone. Check IT sector in the morning to add a little more confirmation to your trade. It will go down after breaking the zone , as it tries to fill the gap from 1720 to 1740. Place a proper stop-loss .
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...
![INFY: Simple Trade Setup| INFOSYS | 23-12-2021[INTRADAY]](https://s3.tradingview.com/t/To83cIiZ_mid.png "Simple Trade Setup| INFOSYS | 23-12-2021[INTRADAY]")
![INFY: Simple Trade Setup | INFOSYS | 20-12-2021 [ INTRADAY ]](https://s3.tradingview.com/h/HjFGABd9_mid.png "Simple Trade Setup | INFOSYS | 20-12-2021 [ INTRADAY ]")
![INFY: Simple Trade Setup | INFOSYS | 17-12-2021 [ INTRADAY ]](https://s3.tradingview.com/5/5Uf9oBb9_mid.png "Simple Trade Setup | INFOSYS | 17-12-2021 [ INTRADAY ]")
