#INFYcomplete IT sector looking very weak . 1300-1320 is a good monthly support zone, below 1300 more pain
INFYC trade ideas
LONG: Infosys1) The stock is at a support zone from where it gave a new high
2) RSI is oversold with low of 19.43
3) The current hourly candle has also closed within the bollinger band.
Very high probability that the stock might cover the gap of 1520
INFOSYS .Head and shoulder breakdown.Obviously appreciation of dollar dxy is not helping IT stocks
as there is immence pressure due to economic out look in US.
Our IT stocks are just the reflecting the sentiment prevailing in US.
Though our banking stocks exhibiting lot more resilence our IT stocks are not.
There is clear head and shoulder breakdown has taken place in infosys.
Yesterday in Nasdaq it has witnessed selling.
Probable target shown in the chart.
This is my study not any trading recommendation.
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Oversold Buechip - Infy This is one of those oversold bluechip. For a quick 10% return in a month's time. Just jump in now. A relief rally is coming. Maintain SL
InfyPrice is consolidating within small range. Formation of symmetrical triangle, bear flag is seen in the chart.
Plan A : Sustaining 1395 - 1405 can make the price to move towards 1420, 1440 and it have to sustain 1440 to move up further.
Plan B : Shorting at 1386, when there is bearish sign for the move towards 1374,1360.
Plan C : Understanding the trend strength and trade if the price is moving within the range 1387 - 1405.
Always have plans for different market movement, so that adapting it will become easy.
INFYinfy near a important level ...if its break 1370 then go down to hit 1306 in coming days .... infy below its all EMA which is sign of weakness...
infy intraday for todayv shape formed , stoploss very less
taget upside 20 point or not
intraday get or not ?
Infy buy above 1402 - 15 min candle should close above 1402 thenInfy buy above 1402 - 15 min candle should close above 1402 then only buy
Target 1412- 1422- 1436-1440
Sl below 1380 - Closing basis
Near Support level. BUYPrice is near Support level and so buy this stock and sell near resistance.
The levels are marked in the chart.
DOUBLE BOTTOM IN INFOSYS LTDDouble bottom in Infosys Ltd. Can go long with @ 1390 with target of 1630 +
Infosys in a 15min triangle pattren I found a triangle pattern in infosys in a 15 min time frame it would be a great intraday for tomorrow So keep eye on it.
Please use your on analysis before take any trade.
Double bottom patternThis isn't buying recommendation... I'm just validating / sharing my analysis with community of traders.
Although, I have bearish view on Infy because of recent news and thoughts of CEO about the employees. ;)
Well, Targets are %age of removal of total investment. 25% removal at every target. And shifting S/L to recent target. 👍
Double Bottom pattern in INFY.Discription:
Stock Name: INFY
Chart Pattern: DOUBLE BOTTOM PATTERN
Time Frame: 1D
Entry: Reversal from support level
Breakout above 1630+
Targets: Reversal Target 1630+
Breakout Targets 1900+
infosys daily chart indicates support around 1370 and 1320 good time to start buying with 50% now and accumulate at lower level also.
Infosys analysisInfosys LTD
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Price & Volume relationship
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Volume supporting Daily & weekly decline
Candle theory
============
The current candle overtakes the previous candle and the Possibility is high (Daily, Weekly & monthly)
Conclusion: Yes we can.
INFOSYS (HEAD & SHOULDER BREAK DOWN)INFOSYS
On Daily Basis Time Frame the Stock is already in Bearish Mode and Today it has given a Good Break Down of Head & Shoulder Pattern which shows that Stock is going to fall further.
So as per Chart the Stock looks in Bearish mode and can be shorted as per the levels given below:
CMP - 1432.80 or SoR 1445
Target 1 - 1375
Target 2 - 1313
Target 3 - 1251
SL - 1475
Time Frame - Short to Medium Term
All charts posted here are only for EDUCATIONAL PURPOSE
Before entering into any Trade / Investment Position kindly consult your Financial Advisor
infosysinfosys ....
1 - forming h&s pattern
2 - price trading below 100 and 200 ma weak
share
3 - rsi 38 good for sell
4 - good selling volume
sell below day low for target
t1 and t2
#infosys blue chip stock day chartmost of the IT stock is in down trend
bcz of high value of the it stock
infy is in down trend
and near support is 1400 and panic support is
1250
INFY Long position with strict SL.Educational purpose only!
Brutally beaten stock making a humble reversal with a breakthrough by closing above 1500+
SL: 1480
Target1: 1550+
Target 2: 1600+
INFOSYS AGAIN??INFY finally breaks out of its long term resistance zone AGAIN after breaking past the 50EMA on above average volume.
Very favourable risk to reward with the stop loss below the 50EMA
Target near the recent breakout high.
Keep It Simple
Infosys - Possible Wyckoff accumulation scenarioKey highlights:
⚡️ Consolidating in the weekly demand zone for the last 4 months.
⚡️ Wyckoff accumulation schematic on the daily time frame.
⚡️ The market structure started shifting after the establishment of the low on 17 July. Hence, it is an important low.
⚡️ The logical short-term target is near the 1730 zone. If the price manages to push above the range high, expect 1700 and higher in the coming weeks.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Will NASDAQ's short run move INDIAN IT stocks? I'm not sure if the bear run is over, but it'd be good to find stocks for swing trading and to pump money into Mutual funds and long term holdigs.
will the momentum push infy towards sky?
Why Its time to go with INFY now I am sharing INFY chart on weekly time frame.
The idea is to trade this stock for few couple of weeks.
Reasons to pick this stock are:
1. On weekly time frame we have bullish engulfing candle stick pattern.
2. What I observed is, the stock has stopped making new low . The last low is in the month of June.
3. With the help of harmonics XABCD Pattern , we can calculate its probable next swing which comes around 1860 .
So we have a great risk to reward ratio.
risk is your SL which is 1438.
Final target is 1860.
Trust these simple things, like candle stick pattern, they do work..specially on weekly time frame.
