is it respect trend line or support i am new for stock marketis it respect trend line or support i am new for stock market
INFY trade ideas
infosys current trend update on daily chart infosysy trend update posted back.
now updated chart to watch its movement upward or retrace?? .
(a gapup seen today )
decide on ur own .
Infosys trend line in next one yearDid a trend analysis of Infosys currently at BSE 1941 it might touch 2500 INR by end of Dec 2022.
5 MONTH CONSOLIDATION BREAKOUT On the weekly chart, the stock has decisively broken out its five months consolidation formation on a closing basis
This breakout is accompanied with huge volumes indicating increased participation on rally
The stock was observed from its 20, 50.and 100 Day SMA support zone which reconfirm bullish sentiments
The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in bullish mode which supports rising strength as well as momentum.
The above analysis indicate an up side of 1885-1925 levels
Infy - Triangle target hit and it will flyInfosys after a long consolidation, meanwhile forms a triangle structure and breaks out to hit the target and moving beyond as with CNXIT
Infosys BullishInfosys Ready for short term
strong weekly closing indicates rally may continue further
Infy AnalysisOne of my fav stock, Infy gave consistent great returns for a long time and now its under Consolidation.
As per the trendline the Stock shouldve crossed 2000 by now. It'll happen sooner.
Volume breakout has happened now and we can expect the rally to continue once it crosses its resistance at 1784.
Great support at 1670. currently at its support level 1715. keep on radar and watch for entrypoint.
INFY BULLISH It seems can be bullish candle breakout in day & weekly candle closing.next level its move on 2020.35.
Stocks Algo for nifty 100 , tomorrow stocks selection (14-01-22)Dear Friends,
Refer chart for tomorrow stocks Algo..
we have selected four stocks for tomorrow market based on Analysis.
Regards
Kirit Chavda
[ INTRADAY ] INFY LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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INFY strides ahead .please recall my postsafter declare of its result and profit booking restrained it.
now it appears buying taking place.
in Nasdaq its all time high is more than at price it is trading here.
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please go through my previous posts for infy.
INFOSYS 4h wave pull back of final fifth wave.It has retraced 50 percent of 3 rd wave.
as long as it does no travel in to the territory of 1 st wave it is not invalidated(shown as black line in the chart)
may be it is an excellent opportunity to buy on another dip on Monday.
as risk and reward will be quite favorable.
its result is on 12 th.
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INFY in range since 2 days INFY in range since 2 days
If it breaks any side go for it DM for SL and Target.
Insta handle @Queenofstockmarket
INFY in range 15 minchartINFY is in range for 2 days
check 15 min chart
if it breaks any side go for it
keep an eye on it.
THIS IS CHRT OF A INFYTHIS IS CHART OF A INFY AND SELL AND PROFIT BOOK AND BUYAGAIN AND DOUBLE PROFIT TO BOOK. And you know market up down trends
#5-1-2022 100% Perfect Trade 💥💥#we will make only profit.
# we will give you daily trade in Morning .
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Triple Correction WXYXZ in Infosys# Elliot corrective pattern called Triple Correction WXYXZ.
Charecteristics:
1)It is a combination of 3 correction.(Flat 3-3-5,Zigzag 5-3-5,triangle 3-3-3-3-3)
2)Each correction is connected by a counter trending wave x(also takes a form an elliot correction).This wave X is sideways movement there by not correcting significantly prior movement.
3)This three correction can either be flat,zigzag and triangle or a combination of either.
As per Elliot generally after triple correction market gives an impulsive move.
Over here we are seeing combination of two zigzag(5-3-5) in the Primary wave W and wave Y and third correction is yet to be formed,this third correction can either take form of zigzag(5-3-5) or a triangle(3-3-3-3-3) to complete entire WXYXZ pattern on primary degree
Reason behind naming entire movement as an corrective pattern and not an impulse.
1)There's no significant corrective price movement retracing prior up movement by 38.2-50%.Generally after an 5 wave up move one impulsive cycle complete's following which we see deeper correction in prices (atleast 38.2-50% of prior 5 wave impulsive cycle).
2)After every 5 wave impulsive move following correction is only retracing prices by 23% of prior up move there by not following price alternation rule of Elliot wave 2 & wave 4.
Reason behind naming current movement WXYXZ triple correction and not WXY double correction.
1)If this was a double correction then post wave Y on primary degree we would have seen impulsive move unfolding on the down side.The sideways movement is indicating that we might be seeing wave Z on the upside in future.
Analysis:
Wave degrees:
Primary :Blue
Intermediate:White
Minor:Purple for impulse and yellow for correction.
Current count
Primary:second wave X
Intermediate:leg F of diametric pattern(Not labelled)
So far it seems like we have completed WXY wave on primary degree, and second connecting wave X is going on.Both the wave X has taken a form of diametric pattern(7 leg corrective pattern) hence currently we are in the 6th leg of second wave X,a drop in the form of 7th leg can come in near future as prices are approaching ATH levels post which we will third correction Z on the upside giving us a target of 2800+.
Ideal time for investment as per this count is to wait for a dip towards 1680-1700 zone which would complete 7th leg of wave X post which we could see reversal.
Disclaimer:I am posting this analysis for my future reference,positions should be build or exited on the basis of this analysis.
