InfyBreakdown seen and is staying below the trend line which is bearish sign.. bulls needs to be cautious waiting for 1430 levels to look for longs
Trade ideas
Infosys - Long TermInfosys looking good for long term above 1663 with SL of 1370
SL is based on fibonacci Number
Its showing good strength for Long Term Holding
Coclusion :
Entry - Above 1663
Target -Open
SL - 1370
Pls follow if you like my analysis and do check other charts published
Infy - short term anticipationAnticipating an inverted h&S formation on 15 min time frame in Infy on short term....view invalid below 1480/1460 on 15 min closing basis
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = INFY
Time Frame = 15 min
intraday
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
shampoo pattern at swing highsINFY is going into triangular consolidation with a head and shoulder pattern of 53 points depth.
NIFTY 1D Time Frame Analysis Current Trend:
1) Uptrend parallel channel
2) It took a support exactly at 2 level of Fib .FIB cord -(1953.90 -1665.00)
3) currently it took a resistance @0.5 level of FIB
exception:
year of accumulation zone.. if it breaks the 1654 level , we can except another 300 point movement from there.
once this parallel channel is broken upside ,can can except positive momentum .
Indicator:
RSI: divergence in RSI
MACD: MACD still in positive territory. But showing some weakness currently.
first level of target-1653
support -1500
consolidation in small rangeboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intradayif price breaks the level then we can plan for long and if it is taking rejection from that level then we can plan for short.
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Infy ( both side trade possible for swing )Good buy opportunity above 1567 after retest of a trendline for targets 1595, 1600. Good sell below 1555 for targets 1532 and 1515.30. Trade wisely at your own risk.
Good luck, Jai Hind.
INFY this weekas we can clearly see inverse head and shoulder pattern form ...... you can w8 for the break of neck line or resistance level to ensure the breakout ....this patten can give us more than 200 points relly
NSE:INFY
Infosys Critical pointsThe 5 mentioned lines are critical points for Infosys. Investors should check the current market trend before taking any positions.
Entry Between: 1560-1580
1st Exit, Resistance: 1770-1800
Breakout: 1900-1950
Stop loss: 1400-1380
NSE:INFY
Infosys : Ready to flyStock to Buy: Infosys (#INFY)
If you get it in pullback around 1600 level, after bullish rejection of the downward move (i.e. price falls back to 1600 level and then take a reversal to honor the 1600 as support), buy Infy above 1605 with SL: 1595.
The Risk-Reward can be 1:3.
INFOSYSNSE:INFY is a very strong fundamental IT company.
recently it is underperforming since last 10 months, but on the daily chart frame it has created a beautiful inverse head and shoulder pattern, which is looking very promising.
one can make position in this stock for the targets of 1960 in next 3 to 6 months.
Head and Shoulder -A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.
-A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.
-An inverse head and shoulders pattern predicts a bearish-to-bullish trend.
-The neckline rests at the support or resistance lines, depending on the pattern direction.
Script = Infosys
Time Frame = 1 Day
INFOSYSon Daily ,Weekly and Monthly looking good ,on all time frame in flag patrren and strong part is also up trend.
TRIPLE BOTTOM FORMATION CREATEDStock is trying to break Resistance level many times but always failed, we can expect this time break and move fast.
INFYIn the Weekly chart of INFY,
we can see that it is respecting the last resistance.
We can see an Up move once it creates a Halt candle at last resistance.
Go Long till 1900-1950
