INFYC trade ideas
INFY Trendline SupportINFOSYS has shown some sort of demand on 1hr timeframe right at the lower trendline which has been forming since 6+ months. One can make long position in the same with a target of the upper band of trendline.
Stop Loss: SL has to be below 1,325
Entry: Entries can be made after formation of a strong candle on hourly timeframe which is also backed by strong volumes
Target: Upper trendline, 1,490 - 1,500
INFOSYS- FALLING WEDGE PATTERN BREAKOUTInfosys ltd long consolidation falling wedge pattern breakout
short term investment plan
expecting target - 2548
pattern - falling wedge
breakout status - yes
last trading price - 1491 rs
I'm planning 2 target for this script.....
one is previous all time high, which means 1863 rs
second target is based on fib-extension level 1.0 range, which means 2548 rs....
Infosys (Infy) From the week starting 18 April 2022 till the week starting on 10 April 2023, the stock was hovering between the price channel of 1650 and 1354.
It took a gap down for the price to slide below that channel. Post the gap down (17th April 2023), the price has subsequently recovered to form a base inside the previous channel zone.
Positive above 1520 for a positional trade.
Resistance at 1650-1720 as this zone needs to be filled. Post which, we can see strength in upward momentum.
Cautious below 1355.
Trade with a strict stop loss of 5-8%.
Not a buy/sell recommendation. Please consult your advisor.
The Big 6 of NIFTY 50... what's cooking?The Big Six of NIFTY 50
- HDFC Bank
- Kotak Bank
- INFY
- ITC
- Reliance
- TCS
Appear to be forming a base ( rounding bottom ) in higher time-frames.
It is a very interesting development as these heavyweights together have not been outperforming the broader market, for quite sometime.
This could be an early sign that momentum might be shifting towards large caps.
Infosys infy 1480 , 1560 next Target buy on dipOn 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 setup🤑💲🙏😊👑Royal Trend👑
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In this video we try to Identify Trend and Entry By Big Bull👑🤑🤑💸💸
How market really work with number's
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
Technical trader
Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
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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.