INFYC trade ideas
Infy Short term Long 30 daysNext week is the 1st quarter result
the result will be ok,
if the close day is above 1445 target will be 1500, and the next target will be 1572,
the histogram also needed to be positive
WHY INFOSYS FELL SO MUCH (PART - 2)
infosys had formed DOUBLE TOP in the last few weeks and had finally broken it and reached the target
The double top was formed alongwith the wedge pattern which was earlier mentioned
base formation in infosys good for long 1. infy have made base formation at fib 0.5 levels
2. may retest of its breakdown
3. going long above its previous high 1270 with strict sl
4. R:R ===== 1:1
5. for big targets trailing sl should be done
Infy Elliott Wave counts on Weekly scaleInfy is about to complete correction on larger scale from here we can expect at least 3 waves bounce first confirmation will be daily positive close & weekly close above 1300 would see lot of interest from investors.
IT companies - are they safe ?IT companies are struggling due to slowdown in US.
For them, it will be difficult to maintain the healthy CAGR for few yeas.
Its better to park money in safe and defensive stocks.
InfosysInfosys as I see it on a Daily tf....... To Me it seems that the IT sector will BOTTOM OUT when Infy bottoms out..... Ill have a look at the Nifty IT chart again n post
Opportunity to bottom fish InfosysInfy trading in a rising channel form more than a year and giving a chance to go long.
Target can be kept as the marking path while the stop loss can be placed at 1444 on daily closing basis.
Please do your own research before entering any position.
infosysFor TV 1234 and you all............. Nothing changes for INFY.... It is Good that the retracement went beyond my expectation.... that would also mean that the upside retracement would be Larger....and remember... this is a Weekly chart
will infy crash 10% cause of selling in us market?NSE:INFY if #infosys breaks daily support of 1365/1345, then only we can expect a fall till weekly buy area of 1250 range zone, if #infy does open 10% down , then it wil be opening at the weekly buying zone, dont rush to buy or invest unless weekly buy zone holds infy fall, if weekly zone breaks then avoid infy for investing purposes.
TIME FOR ACCUMULATIONInteresting quarterly results came .
1. As expected due to global issues results were affected ,
2.Profit declined quarterly and marginally increased yearly still
this major fall came due to order book .
3.Still this price action comes as a blessing for investors and even for swing traders
4.The price has come in a demand zone ,
5.Short term price target Rs 1340 - Rs 1450.
6.Rsi in oversold zone
START ACCUMULATING THIS GEM OF A SHARE FOR DISCOUNTED PRICE
Infosys Crash 11%, 35% down since ATHInfosys Crash 11%, 35% down since ATH
Trend : Bearish
Fundamentals : Weak Quarter results, Outlook Downgrade by Nomura and CITI Research
Strong Resistance : 1350-1450,
Support : 1150-1100
Trading Zone : 1350-1150..
Daily chart formed Hammer, invalid below 1180
Accumulation Zone for long term Holding, SIP Level - 900-1300
Infosys Where to Buy ? US and UK are the major Customer For Infosys and All IT sector and Now Days Due to High Inflation in US and UK its affecting on IT sector
Down side First Target - 1357
Up side First Target - 1167 - 1152
INFOSYS IN CORRECTIONINFOSYS IN CORRECTION
Zig Zag pattern in continuation
5-3-5
5-3 completed, next leg under progress.
It's an analysis , not a trading advice. Trade with due diligence.
INFY breached the VWAP from COVID low of 2020INFY - Average buyer from the lows of Covid (Mar 2020) is losing money for the first time as today price breached & is trading below the Volume Weighted Average Price (VWAP - 1290.65) since that low. Surely, that is not good for the stock despite a bullish candle close, on a huge gap-down.
Only personal analysis. No recommendation.
#INFY - is it heading much down level Infy on weekly time frame has formed a weekly double top and got rejected at island reversal gap which it has formed post April'2022 result session.
It has already given a neckline breakdown of weekly double top as well as follow through closing of the confirmation candle and potential fibo target using couple of harmonic pattern suggest much downside level before any reversal is seen here. Longs are advised to caution here.
Infosys Reversal Points - MonthlyGood time to Invest to invest in Infy with the current fall. Price Pushbacks already given from 1186 Further Dips should keep buying
1154
1098
1058
Only With People having a strength to hold it for 5+ Years.
300 points range bound, 300 points tgtOn weekly time frame the stock is trading within 300 points range from so many weeks.
Crucial support is placed at 1350, Breaking below the support can trigger strong selling pressure and potential down move will be approx 300 points in coming weeks.
INFOSYS downtrend movement potential with Risk:Reward of 4.6Infosys downtrend movement potential with Risk:Reward of 4.6
Symbol : INFOSYS
Time frame :1 hour
Analysis : MACD is crossing below zero . MA 6 <MA 20 && MA 20 < MA 40.
Sell below 1380 with SL 1445 and target 1235/1076.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
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