INFY Double TOPit has formed double top on weekly chart and broken neckline downside.
1400 looks on the cards. which also matches with Fib retracement of 38.2%.
INFY trade ideas
INFY long scalpFierce fall, giant company. Expecting it to bounce to fill all the 'inefficiency'
Tight stop of 2.3% with 5RR+ reward
GL/
Infy Great Buying OpportunityInfy corrected well after long times
Made Bullish candle on support with huge volume
Entry Above 1650
SL 1590
TG 1700, 1750, 1800 , 1950 , 2000
Things are not looking good for INFY!#INFY has broken down TL support on Monthly Time Frame. Confirmation by Month End.
Next major support: 1540-1545
Best buy zone: 1320-1415 (if BD is confirmed)
wedge pattern breakdown with huge gap IT sector under pressure
Infosys looking attractive by the price but don't go for long or positional until the price come in the wedge pattern
Infosys trades below 200 EMA, which is also a weak sign for a sound fundamental stock.
the chart looks like, it is the start phase of the downside.
I WILL UPDATE AGAIN WHEN INFOSYS LOOKS FORWARD TO BULLISH.
Infosys - Short oppInfy historically did not give much return to shorters post results even it missed the earning estimates. Post results it moved up or sideways and did not leave good RR for shorters. This time results are out on 04/13. Price is already trading below 21 MA, if short now target should be 1700.
Release Date
13-Apr-22
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NIFTY 50 and INFY LIVE MARKET ANALASYS & INFY Welcome to TCT TRADERS CRAFT TECH, #10thirtyprofit
please watch understand & work on my idea & learn a lot
longcan enter now for long side gap down opning fake strategies try to take paper trade with sl of 1600
INFY LOOKING GOOD FOR - apr may month# INFY ... ✅
All levels given in charts for intraday as well long term ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
IF Tomorrowwe seen positive movementum then this levels are very useful for our stock options...
Possible to give good target
TRADING FACTS
Infosys - Bearish chart pattern -1514 breach?Infosys didnt manage to excite the markets. The slide is steep and a close below 1700 could well take it to next support of 1514. Missing street expectations is weighing heavily on the IT behemoth. If 1700 provides support, then it could consolidate at 1700 before recovering- BUT a breakdown seems to be the way forward given the steep downward momentum. What do you think?
Infosys Analysis !! Breaking Out.📈 Infosys 📉
In the market where every sector broke all important supports, IT it still holding and it shows relative strength of sector.
Infosys is breaking out from a triangle after testing multiple support zone of 1665-1680 since September 2021.
On Buy Side I am looking for 1800-1820 zone as first target then followed by 1900-1940 zone.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
SHORT BULL RUN OPPORTUNITY IN INFOYSIS STOCK just taken a support on 1860 .Might taken a reversal from here.
keep stop loss at 1820 and keep the target at 1900
INFY breakout above 19203 weeks consolidation. Price in a tight range. IT stocks generally move before earnings. Stock ready for breakout above 1920.
INFY to rise sharply cmp 1903Triangle pattern likely to break, support is formed at 1900 as per open interest.
Infy: On the verge of a BreakoutInfy
- the stock has seen a lot of consolidation around 1850
- 1800 zone is an important support level
- above 1954 doors would open up for further upside
Till the time the stock is able to hold on to 1800 odd levels the stock has a very good probability to scale new highs and eventually move towards 2200-2400 zone
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F&O Strategy
One may consider to sell 28 April expiry
1840 Put option currently around 31
The strategy has a yield potential of 10.5% on Margin.
On the downside the strategy gives protection for a fall up to 1809 odd levels on expiry day.
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
infy longgreat risk to reward in this setup once the 15 minute candle close below the line one can exit and target it depends on you
INFOSYS - Triangle pattern breakout - Swing TradeThe analysis is done on hourly TF hence price may take hours to few days in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
INFY BULLISH PENNANTINFY formed a Bullish pennant . More confirmation depend on nifty IT price movement . Showing a good opportunity trade.
triangle pattern | INFYadd to watch list infy
watch for triangle breakout or breakdown
hourly chart analysis
