Infosys Analysis Based on angle trend infy will move 1900+ once breakout 1950 it will be move till 2300 - time period approx. 180days +++
good stock - buy on DIP
Note:
risk rewards and everything left to investor, whether, why & when to invest; I am sharing on my self interest for educational purpose -
INFYC trade ideas
INFY - Infosys Ltd - Intraday Levels for 28 Oct 2022INFY Intraday levels for Tomorrow..
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Infosys SHORTReasons for Short as follows:
1) Classic Head & Shoulder Breakdown Pattern
2) Price trading near 52 Week Low Zone
3) IT Sector is the Weakest and Leading the Bear Market
4) Global Recession means Slowdown in Revenue for these IT Companies
SELL Weakness
Stop Loss above 1420
Targets:
T1= 1320/ 1300
T2= 1250 ish zone
Head and shoulders in INFY 75m chartINFY 75m chart has completed head and shoulders pattern and has given a breakout today with above average volume. The price action is bullish and we can look for long opportunities on Thursday when the market opens after a day off. Any retracement to breakout zone of 1415 can be a good opportunity to go long with targets of 1445/1470/1495.
INFY not looking goodHello everyone,
I am sharing the chart of INFY on 1 week time frame.
The chart is simple to understand and so much to learn for a new trader.
Price halt and top.
Break down and then retest of the point from where it broke down.
Now I am just trying to explain simple ABCD Pattern.
As per ABCD pattern AB = CD.
But very very important part is B should be broken down side .
We are right at B which is around 1367.
If its broken the target on down side is 1100 which is shown by point D.
ABCD in simple pattern, yet very useful
if you still have difficulty to plot it, you can just remember AB = CD, and can manually calculate the price projection.
Buy out the dip of 1350 in InfosysNSE:INFY is one the leading IT consultancy company which does not need any description. Infy recently broke 1360 levels. Investors might add this scrip in their portfolio at current levels. Also one can average out if we see 1300 levels.
No chart patterns are favourable
Nothing so called trend reversal
This is an effect of unfavourable market conditions
The rising dollar index
This might soon settle in near time and we might see 20% upside i.e 1600 levels. before the end of this year