INFY trade ideas
Infosys 1560 Target pending 100 points running profit 1414 SLOn 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
$NSE:INFY SIP when others are fearful for long term WealthNSE:INFY SIP when others are fearful for long term Wealth generation. Bargain price.
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
INFY: Downtrend Shows Potential for Further Decline
INFY is currently in a well-defined downtrend, exhibiting lower lows and lower highs. Swing traders can consider selling INFY below the recent swing low of 1386, targeting potential downside levels of 1360 and 1320. A stop-loss order placed above the recent swing high of 1422 is recommended to mitigate potential losses.
Trading Strategy:
Sell INFY below 1386
Target 1: 1360
Target 2: 1320
Stop loss: 1422
Risk Management:
Always place stop-loss orders to limit potential losses.
Consider position sizing based on your risk tolerance and available capital.
Monitor market conditions and adjust your trading strategy accordingly.
Please note that this is just a trading idea and not a financial recommendation. It is crucial to conduct your own research and consider your investment goals and risk tolerance before making any trading decisions.