Infosys Have Support Hammer in two Hrs ChartHi Folks
Please focus on Infosys, it formed Support Hammer Candle near Jun & Sep 2022 low.
INFYC trade ideas
#INFY - Good short set up in formationKeep in watch list. Stuck in range. Can take short position when day candle closes below 1358
Infy Daily TF - Long TermPotential Bullish Gartley pattern identified.
A Retracement zone of 0.7 was marked from the previous swing for the supply zone.
If the D leg is tested with the fall and the price sustains above supply zone targets are marked with 0.382, 0.5, 0.618 levels of retracement of the CD leg.
INFY - DOUBLE TOP PATTERN Infy forming double top pattern - IF Break closing Basis 1650 than down side target open for 1500-1400-1250-1088.
INFOSYS case studyDemand zone as per previous swing low
Bullish harmonic ABCD pattern formation
RSI at historical support zone..
all indicate one thing,,,,,
#Infosys Supply/ Demand Zone#Infosys
Updated Supply/ Demand Zone
CMP:1420 @14 March 2023
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. I am doing this only to understand how to read charts and technicals. Strictly for educational purposes only.
Cup and Handle PatternA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
Script = Infy
Time Frame = 1 Day
sustain above 1495 then targets 1525 ,1565If sustain above 1495 then targets 1525 ,1565, SL 1455
This Is Only My Observation As Per Trend Lines Drawn Valid Only Above 1495 For Investments, or Trading Please Consult Your Registered Financial Advisor, If Any Suggestions And Corrections Please Let Me Know
Infosys near support zoneInfosys is near crucial support on daily chart. We can take a swing trade here.
Entry
We can go long after close of strong bullish candle near support zone.
Target
We can keep target as the next resistance zone as marked on chart.
Stoploss
We can keep stoploss below the support zone.
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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
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
