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INFOSYS TRADE SETUP ANALYSISInfosys has given a breakout of multiple SMAs all together. It's ready to give a profit of 5-7% with a stop loss of 3%. If the trend continues and it breaks its major broadening channel resistance in the coming days, it becomes ready for a new rally to reach the target of 2109.
Infosys- Next target 1808Infosys has taken support and closed above 20EMA -showing strength with a long tail below. With retracement possibly over, it could power ahead to 1808 as first target, 1835 as the next target and onto target3 1888 (targets marked on chart). So will we see the TCS rally then? Let's find out next week. (Target calculation-> weekly pivots)
INFOSYS breaking important trendline may give good tradeInfosys made head and sholder pattern too and breaking important trend line (blue) will bring some selling pressure below 1650
if it sustains below 1650 than 1640 immediate target
if 1640--38 is too broken down than sharp correction towards 1610 may follow in coming days
Infosys channel breakout predictionInfosys price is running between a channel.
Security-wise average deliverable percentage for May 2021 till 21-05-2021 is almost 57%.
If stock successfully breakout the channel, we can expect an upside move for a new positional entry.
Fundamentally the company is performing very well. Also dividend of Rs.15 per share is declared.
After breakout, wait for a pull back. Stock may retest the support level and then it can move upside. Take entry after a confirmation candle with a good volume.
Disclaimer : I am not Sebi registered or expert in stock market. This is my personal analysis for educational purpose. I am not responsible for any profit / loss.
INFOSYS LTDINFOSYS LTD is on the verge of Breakout.
Setup- Cup&Handle Pattern
Keep on Radar.
Getting Ready for Breakout
Entry After Breakout and Again enter at retest Set Up Prepare
Stop Loss for Short Term 1340
Stop Loss for Mid Term 1300
Stop Loss for Long Term 1230
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
@CapitalGain360
INFOSYS - Ascending channel resistance breakout at monthly TF INFOSYS LTD - Ascending channel resistance breakout at monthly time frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.