Infosys ready for 1800 and 1905 Target support 1540On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
INFY trade ideas
Infosys ready for fall till 1540, sell given on 22 janOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Infosys tomorrow sell on rise even after gap down opening On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Infy Monthly Charts - Bullish Flag BreakoutGiven its time to shift to large caps - see that Infosys on a long term scale has the flag breakout which indicates a probable 90-100% move (2900 - 3000 levels) from current market price based on Flag pattern targets - This is a long term trade as the chart shown here is Monthly
This is just for educational purposes and I am not a SEBI registered Analyst.
Trade at your own risk & diligence
Infy @ resistanceInfy trading @ strong resistance zone. Stock trading below these levels since Apr, 22. Stock needs to consolidate and build a base at these levels for few days, before further breakout. If stock breaks immediately, I would avoid entries as the breakout may be fake.
I would take bullish stance only if the abovementioned conditions satisfied.
InfosysPrice is consolidating and nearing the trend line. Price have to break the trend line with volume and have to sustain above 1500 to be bullish. Bearish below 1486.
One hour chart shows price is at double bottom support.
Trend deciding level is 1516 - 1522.
Buy above 1502 with the stop loss of 1492 for the targets 1512, 1524 and 1538.
Sell below 1478 with the stop loss of 1488 for the targets 1468, 1456 and 1442.
Do your own analysis.
Infosys can fall till 1405, buying recommended near 1340 also On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Infosys near Big resistance buying recommended near 1320On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
INFOSYSAscending Triangle breakout followed by consolidation in progress.
Breakout candle on 15 December ‘23 was achieved with significant volumes.
Entry :- On closing above the high of this candle(above 1588)on Daily chart.
Target :- Height of the candle above the breakout level (1520 + 160 = 1680).
All numbers are approximate.
Update on InfyInfy has given great breakout of trendline and when we share technical analysis in October we were positive and this is what happened and given a decent return since then..
Today, there is a news that a huge number of deal were terminated so that we have seen correction in the stock but as a technical analyst this correction is just healthy and part of retest to trendline.... after retest we can see major bounce back in the stock and can give huge return...
INFOSYS LTD 1W TF Analysis -12/25Observation:
1) Max Call OI @1600( it can act as good resistance in upcoming series).
2) Currently trading near resistance Zone and 0.5 Level of Fib
3) Top of both minor and major parallel line.
4) Forms Doji indecisive candle
Possibilities:
1) It it breaks parallel channel next level to be watch out for 1950
2) It it trades inside parallel channel next level to be 1350