infosys coming to its supportHello evevry
one so today infosys is comming to its major support . infosys is a good stock its fundamentals are good and furure is bright and due to market crashes its easily availabel on cheap rates this stock will be a value buying at 1600 and bellow level .
This is mine own research do yours as well
My research and opinions should not be consider as an advice or tip
Thanks for now
Trade ideas
INFYWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
INFOSYS LTD All analysis has been given on charts itself.
The stock has been bouncing from the support Level, hence the stock may bounce back from there again. Hence Trades must be taken only above suggested levels of 1855 i.e Confirmation Level.
Upcoming Target: 1920 and 1942.
Feel free to share your feedback and queries.
INFY - Possible Rebound in the coming week ?Key highlights:
1. Approaching 2 day demand zone
2. Bullish market structure on HTF
3. Continuous support from 200 MA in the recent past
4. Just in the flip zone
5. Psychological level of 1800
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)
NSE Certified Technical & Fundamental Analyst
5 MONTH CONSOLIDATION BREAKOUT On the weekly chart, the stock has decisively broken out its five months consolidation formation on a closing basis
This breakout is accompanied with huge volumes indicating increased participation on rally
The stock was observed from its 20, 50.and 100 Day SMA support zone which reconfirm bullish sentiments
The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in bullish mode which supports rising strength as well as momentum.
The above analysis indicate an up side of 1885-1925 levels