INFY is showing *early* signs of breaking out of a weekly flag pattern and descending channel. Keep on watch. This coincides with the CNXIT parallel channel breakout pointed in earlier idea . RSI is high, though volume change is not significant. Big gap resistance ahead.
Infy on Daily TF made long legged Doji/Hammer after gap down
Consolidated in same range for last 13 days
In 1 hr TF gave Breakout with volumes and then sideways consolidation, trading near upper side of Range
Aggressive Traders make entry here else can wait for breakout and Retest of consolidation Zone
INFY triangle pattern on daily time frame & as always INFY making range after breakdown everytime same trend seen in INFY Chart now let’s see what INFY do?? wait for pattern to give breakout or breakdown
NSE:INFY if #infosys breaks daily support of 1365/1345, then only we can expect a fall till weekly buy area of 1250 range zone, if #infy does open 10% down , then it wil be opening at the weekly buying zone, dont rush to buy or invest unless weekly buy zone holds infy fall, if weekly zone breaks then avoid infy for investing purposes.
Infosys is currently trading within a robust support zone that is visible on both monthly and weekly time frames.
The stock has already responded positively to the weekly demand zone and formed a bullish engulfing candle on the weekly time frame.
Additionally, selling volume has been decreasing, and a bullish divergence has emerged on the daily time frame as...
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
As we can see Infosys stock at one of major support even RSI Divergence seen on daily time frame, we just need price action conformation for Swing long.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade...
#INFY has broken down TL support on Monthly Time Frame. Confirmation by Month End.
Next major support: 1540-1545
Best buy zone: 1320-1415 (if BD is confirmed)
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.
-------------------------------------
Trade Setup for Date: 23-12-2021
1) Don't Jump in to trade at the beginning of...
![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]")
