INFYC trade ideas
#infosys #infy At support NSE:INFY
As we can see Infosys stock at one of major support even RSI Divergence seen on daily time frame, we just need price action conformation for Swing long.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
INFYInfy on a daily timeframe showing reversal. It has seen taking support from the ascending trend line.
If it sustains above 1600, we can see more short covering and uptrend in price. The idea will become invalid if sustains below 1550 levels.
Please note I’m not a sebi registered analyst.
Please analyse your self before investing.
Infosys : Long opportunityInfosys is facing heavy selling laely, and is approaching good accumulation level. The idea is to target a minimum of 10 percent in the given trade setup.
Divide the entry into two legs. The first entry should have half the units you plan to buy at entry 2.
Levels posted on chart
INFOSYS - FALLING KNIFECertainly a great fundamental company, but not the right time for entry for long, well the stock has comfortably started trading below 1650-1600 levels, which was a breakdown level and started to trade below that indicating further downside. Moreover, a structure of a FALLING KNIFE is clearly visible on the charts. Targets are positional.
DISCLAIMER - I AM NOT AN FINANCIAL ADVISOR, ITS JUST AN VIEW AND NOT AN ADVISE.
INFOSYS Expecting some bull baCK rally in #INFOSYS till 1620 to 1640 levels ( #Sell_on_RISE). Fresh buy for Long term can deploy first 30% now.
Though i'm in bearish trend but expecting some pull back in NIFTY which move towards minimum 17130 to max 17473 to 17653 levels, then huge fall ( #SELL_ON_RISE market).
Thank you for Following.