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INFOSYS- Short term BO- 30min chartINFY
Next week, Result.
Immediate target :700-720
Support: 670
Infy broken the long term trading channel. If result isgood, it will catch up the old channel.
Other wise more down side expected below 670.
Infosys - Results Special!We have known Infosys to be a punting stock on results day and each year it gives us 4 such opportunities, with a new CEO in place let us look into how the stock can perform going into the big day! The stock is at an inflection point and can give a break out or a break down from current levels! Any close above 1042-45 levels can give more strength to 1111 levels where a false whipsaw can take the stock down to around 996 levels! Let's see what happens!
Infosys : Right Now @ pretty Good Support !We never know whether the support is taken & infy revives to upside or not, only after it happens we will know that. But our trade plan is if at all the support breaks lets try short on Infy towards 930's
Infosys - Did you turn your position at 955-960- Channel GodIn last update as mentioned below -it was nice rally above 938 to 955-960 zone which got completed today. Did you turn your position upside down from 955-960 Zone.
We shall look for 935-937 & likely if takes support or below channel fails then 925-927 Zone. If missed then wait for a bounce from 951 to 955 Zone. keeping Stops above 960 -one can execute the trade or if starts trading below 946-948 Zone.
Previous Update- Above 938 to 955-960 - Awesome kissed 956.85
Infosys - Fallen from heaven at 1000@26th May2017If 920 holds as support & it starts moving above 928-930 Zone - then it can push to 965-970 as initial target & later 995-1000 as 2nd target.
Previous Update - We are in heavens at 999- 12:56 Hrs -26th May2017- Closing this call
INFOSYS - Important RangeIn this chart you can see that how fond is Infosys of the given range 1020-1040.
I have marked with rectangles on what happened. You can observe that it is a decisive range and price has always ( except for 1 consolidation ) followed the breakout direction in the following days.
The intensity of this range can also be felt by the multiple gaps and consolidation happening in it.
I think this info will help you in your trades in this stock. Many different strategies can be created based on this.
Regards.
Cheers !!
Infosys - Upside Thrust for 1090+ with 986-Critical SupportSideways Move since 20th Feb2017- was tricky, but we did a better job of navigating ups & downs so many times. Now, finally moving above 1042 -it should thrust upside for 1090-1135 target zone as mentioned in all previous analysis
All related analysis are attached below for your reference. These analysis are connecting parts of how we started Infosys from 900-920 zone & moving into sideways from 1030 High@20th Feb2017 till date.
Trading Strategy
Against 999 -key support & 986-critical support or break of 1042 -shall give us upside move heading into 1090 to 1135 zone.
If you get an opportunity to buy in the zone 1000-1010 keeping key & critical level intact, we shall be looking for an impulsive move upside to complete this whole picture from 900-920 zone.
Infosys - Bang On for Printing@1026 in Zone1024-1027 -What Next?Yesterday we played with one of the top most IT company on both the sides- first we got the fall below 1017-1018 till 1008- Booked profits in the zone 1010-1012 & the bounce which was expected till 1024-1027 done today.
It opened up at 1013-1014 &rushed upside for the target 1024-1027 as expected. Till this time, high@1026 has been printed on the screen.
Previous Analysis for stock commentary
Analysis
Trading Strategy
Scenario-1 - Risky - Taking Stops above 1030 one can take short in the zone 1025-1028 But keep in mind that infy should start trading below 1025 & keeps sustaining below the same for target zone 1003-1007.
Scenario-2 - Safe Traders can take short once Infy holds below 1025 for 30 mins- putting stops above 1030 -Target should be same 1003-1007.
Y ou would love to read my previous updates
Catching The Bottom in Infy from 900-920 zone
All other related analysis are listed below which are connecting parts for Infy trading done from Feb2017.
Latest New Analysis- BPCL- Trend is your friend
infosys - false breakoutfor educational purpose only - infosys has made a big move without volume making a deceptive move. So sell it below 1015 with sl of 1241 to tgt of 985, 970.
Infy Super Bullish above 1011 levelInfosys is in a bullish area for the first time since 9 months. All buy setups are valid above 1011.
Infosys - investment buy. Original recommendation at 930 (8-Feb)Follow up to original idea -->
A clean 5 wave move from the low of 901 as Wave 1. Early start of an uptrend.
Price is correcting as Wave 2 flat. Seen in hourly chart.
A bullish engulfing candles on month timeframe for Feb along with a weekly trendline break.
Likely to reward with a 20%+ kind of return over next 6 months to 1 year.
Infosys - Ready to breakdown ?As you can see, these are the areas, NSE:INFY has been trading in. I expect a downfall regarding the concerns related to US and upcoming earnings which might be weak. Here's my view on the chart.
Infosys-Descending Channel+Negative Reverse Divergenc-Sell SetupAs seen in Infosys, the price is moving in a descending channel forming lower highs and lower lows, indicating down trend in the daily charts .
Lately, the price has resisted the upper channel and .5 Fibonacci retracement of the last swing is acting as resistance.
Also, there is negative reverse divergence making it all the more bearish.
Therefore, expecting the price to move towards the lower band in the coming days.
Negative Reverse Divergence is when price makes lower high and RSI makes higher high, which implies that even though RSI is strengthening and making a higher high , price fails to break its previous high and forms a lower high, making it bearish. Negative Reverse divergence is seen during retracements in a downtrend, and gives us a good entry in the direction of the trend.
Infosys - The Big Short (Seller Wins)It is been observed that the price action is consolidating in between 1060-1010 levels for past 55 days on a daily chart. It is 11 weeks and almost 3 months. This is called a Big consolidation and price war between buyers and sellers.
Now, the price action got that big breakout from the consolidation as it closes below strong support level of 1010. Therefore, it is indicating that sellers victory over buyers and now the price action shall move further down and continue it downtrending pattern.
It is a great opportunity to initiate,
Target: 985, 955, 935
Stoploss: 1050
Infosys : History Repeats, so soon ? Yeah !!With this rectangular range trade setup, its 8th rectangular range in last 10 days if I check my trading journal. Either Fx or Nifty 50 markets are offering us lots of ranging n breakout pattern trades for past two weeks. Yes, few of them failed but winners overshot losers,just like that. I'm looking out for this rectangular breakout in Infy and will be watching very closely for breakout any direction.
Happy Trading !
Simple Trade Setup | INFOSYS | 02-11-2021 [ INTRADAY]NSE:INFY
Observations:
1) On daily time frame, we can see it has been taking resistance from 50DMA.
50DMA is immediate resistance and placed at 1711.50 level.
Please refer below chart : 1 day Time Frame.
From chart we can see that range of 1710-1720 is critical resistance zone.
Sustainable breakout of it will make it bullish again.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date 02-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFOSYS | 18-10-2021 [INTRADAY]NSE:INFY
We saw on 14-10-2021, after gap up opening and initial 15min trade, it started falling down with profit booking.
We observe that money rotation goes from IT sector to BANK and BANKNIFTY made new ATH.
And FII were net buyers and becasue of it HDFC and HDFCBank shot up.
Observations:
1) On 1 day time frame, we can see good thing is that it took support from 50DMA which is placed at 1700.51 level.
1700 level will be now very critical support level. Sustainable breakdown of 1700 level will lead it to more profit booking.
But overall trend is positive for INFY. One who are holding equity can continue holding it.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | INFOSYS | 07-03-2022 [INTRADAY]NSE:INFY
Trade Setup for 07-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
