INFY has been trading in the range 1665-1755 for almost two months. It has given some move on the upside, although it hasn't crossed/closed above ATH. MACD crossover is at the inflexion point, meaning signal line is about to cross, may be tomorrow. Also, there are multiple reasons why this is a good long candidate.
4) It is trading at 15% discount from IT index,...
🔴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...
Buy Above- 1360
SL- 1354
Target- 1374
Watch and Trade on 5 or 15 min time frame for Intraday
if Break Levesl of 1374 with strong Vol on 30Min or 1Hr Timeframe then trail Stop Loss and book more profit..
Next Target- 1380-1390 Trail Your SL
INFY
Sell- Below 1310
SL - 1330
Target- 1280 1260 1220
Go through the chart for more details. I would suggest to avoid buying this stock . If stock corrects to 1200-1220 then will thing to buy in the dip. Till then I will short from the above levels.
Always use alerts for trading.
Note:- I am not SEBI registered . All Views and trade setups are my personal view...
INFY on hourly chart is sustain above 200 EMA indicating that stock is still in uptrend. Also observing closely we saw that 200 EMA and Fibonacci 61.8% acted as a very strong support for the stocks. Now talking about oscillator, MACD is giving a really good Divergence between price and momentum. Macd divergence with reversal from levels with good volume is...
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₹
Hey Traders,
Infy made butterfly bearish Harmonic pattern.
We an expect correction here.
Have an eye.
Keep supporting and guide me if there's any mistake or improvement needs to be done.
Shooting Star On Monthly Time Frame.
Best Selling Zone 1330-1340, Strict SL - 1400 (Monthly Closing Basis)
If Infosys Breaks & Close Above 1400 Level On Weekly Time Frame In 1st Or 2nd Week Of This Month Than Maintain SL On Weekly Closing Basis.
If Infosys Breaks & Close Above 1400 Level On Weekly Time Frame In 3rd Week Of This Month Than Maintain SL On Monthly...
