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Infytrend

Trade Idea For INFOSYS, Bears come let's Cheer! ;)NSE:INFY Hello Traders! :) Here's a Trade Idea Forecast for INFOSYS I have been bearish on INFOSYS from the past few months when it broke that trendline . Now as per the current scenario INFOSYS is moving to a rejection with bearish price action , So i am expecting it to get rejected from that level i have mentioned in the chart which is around 758-760. After that if we Daily close below 719 then it will be a confirmed scenario that we will go down till 680-620 level. The only case INFOSYS will become bullish is if it manages to close well above 824 level till then bears are in favor! In the Chart i have mentioned the levels which you can look upon for getting into the trade. Disclaimer:- This analysis is my point of view, We are not responsible for any loss occur to you while following this idea. As this is not a financial advice so DYOR. I do post about NSE stocks, Forex Our Winners for crypto:-WAVES( our great winner! with 70% profit closed),INS(30% done) for Stocks:- M_M , TATAMOTORS, MARUTI SUZUKI, GRAPHITE , ESCORTS for Forex:- GOLD ( XAU ), SILVER ( XAG ) , AUDJPY Regards Traders_skooll
NSE:INFYShort
by Traders_skooll
2
Infy | Breaks out of ConsolidationInfosys 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 a 72 pts move towards north i.e. to 844. Though the stock will most likely hit 840 region, it will not be without minor corrections. Even round number 800 could be a point of such a pull back. Hence longs are advised to have trailing stop loss. If trailing stops are hit, further longs can be initiated if the previous highs are broken in lower time frames, say Hourly or 4 Hour chart. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:INFYLong
by AkhilSuryaFS
INFOSYS | Double Top patternDouble Top pattern spotted in Infy. Pattern is confirmed as price has fallen below the neck level. Thus the stock can be expected to fall to 720. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
NSE:INFY
by AkhilSuryaFS
2