INFYC trade ideas
Infosys (Infy): Positional view on this IT giantFrom among the IT Pack, Infy is the one I'd love to keep a watch on.
From the high to a 30% correction, the stock is slowly inching its way up.
Forming a double bottom pattern, the current price is hovering near the neckline.
Positive with initial targets of 1750, 1900 and 1950. Above 1950, we can expect good move upwards.
The stock has strong support at around 1400 - 1350 levels, having pulled back up from those levels.
As always, keep a SL at 5-8%.
Note: Not a buy/sell recommendation. Do consult your investment advisor and due diligence.
INFY - Ichimoku Bullish Breakout Stock Name - Infosys Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1636
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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INFOSYS LtdWe expect INFY to reach price of 1725 - 1730 in Near Term. We support our analysis with multiple Fundamental as well as Technical confirmations.
1) Fibboncci Retracements
- the company has been consolidating between 23.60% and 38.20% which makes it a strong support for the stock. Hence we can expect an upmove towards 50% and then 61.80%.
2) Head & Shoulders
-an Head and Shoulders Pattern has been seen in the stock chart from past 4 months data, which suggest after the break of the neckline the stock will show an upmove.
3) Ascending Triangle
- an ascending triangle pattern is forming in the stock as the price is approaching the resistance.
And last and important analysis is the Gap made by the stock on 18th April 2022, which will eventually have to be filled.
INFY this weekInfosys fall from resistance level, according to me it will be bullish from the very first support line i draw and go for a bullish run.it also make a bulish trend highs and lows ..i forgot to draw..i know you will caught it .....for this week this stock is bearish....so try to got short opportunities while trading & plss suggest me in comments which stocks analysis you want ......
INFY BUYING ZONE ACTIVATED FOR SWING / SHORT TERM Buy Infy
Purely technical analysis and price action
Stock is making higher highs and higher lows . Gave a trendline breakout and having decent volume buying . Stock sustained above 200 Daily moving average and heading upwards . These parameters giving little conviction to go long for short term swing .