INFYC trade ideas
Simple Trade Setup | INFYOSYS | 13-12-2021 [ INTRADAY ]NSE:INFY
Observations:
1) On 1day time frame, we can see that it is trading above 21DMA.
21DMA is placed at 1740.80 level. Which will work as support.
Immdiate resistance is at 1760 level range.
Please refer below chart : 1day Time Frame.
2)Also on 1 day time frame, we can see that it is trading in triangle pattern.
Breakout on upper side will make it bullish.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 13-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Infosys for swing Infosys >> In consolidation phase after an upmove now it is in symmetric triangle, showing a bit of divergence too.
buying possible with sl of 1660 for tgt of 1800/1900++
Infosys looking food for small swing trade 1:1 RRInfosys looking food for small swing trade 1:1 RR. 50 EMA sumpport with trendline support
INFY: BULLISH TRIANGLEUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern.
TRADING STRATEGY:
BUY INFY: BUY NEAR 1740-45. SL: 1690. TGT: 1850/1950
Symmetrical Triangle in the making Infy price movement is in the process of achieving symmetrical triangle pattern which is considered as the continuation pattern. Infy on a different time frame viz monthly chart is still overbought. Infy has been moving sideways. Thus, breakout of symmetrical triangle pattern may lead to continuation
INFOSYSInfosys looks weak, short below 1662 - target 1591, long at 1591 - target1845
one setup two trades ;)
INFY important levels for long term investmentINFY important levels for long term investment
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
INFY ANALYSIS - 6-12-2021image is self explanatory with entry and stoploss
# nifty direction is mot important here
# expected to excute swiftly if direction of nifty is neutral to bullish (little gap down accepted)
Next week prediction for INFYNSE:INFY from 29 september has been consolidating in a decending triangle pattern.
Target for the breakout will be the ATH.
INFOSYS DAILY CHART PATTERN ANALYSIS 03.12.2021INFOSYS as per my yesterday post today achieved the target 1785 Level after making high of 1787. Happy Trading to all
INFOSYS TRADE SETUP ANALYSISInfosys has given a breakout of multiple SMAs all together. It's ready to give a profit of 5-7% with a stop loss of 3%. If the trend continues and it breaks its major broadening channel resistance in the coming days, it becomes ready for a new rally to reach the target of 2109.
INFOSYS DAILY CHART PATTERN ANALYSIS 02.12.2021INFOSYS as per daily chart analysis once the stock breaks 1750 level and above 1755 level then target 1785 is achievable.
infosys will this kite rocket will fall or fly ??views are needed for this chart analysis pattern as long term with levels .
Infosys Ready for Drop 200-400 pointsAny bounce in stock is short opportunity with SL 1809.
Best to wait for confirmation break below 1669 for drop towards 0.236 fibonacci 1530 then 0.382 1330.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis.
Short term trade, H&S BottomFormation of head and shoulder pattern in hourly chart, volume is good and candle is also strong.
INFY..Head and ShouldersINFY forming head and shoulders at the top of rally.
neck line at 1650s is the strong support
if it breaks can send it lower
for now 1650s can be trested
RSI > 80 = Overbought Stock RSI is greater than 80. Clearly overbought on monthly candlestick chart. Thus, bullish movement is not sustainable. Omicron, variant of concern has posed as fresh negative trigger. Because revenue in EU region may be slightly impacted in Q3Y22. We have to observe the gravity of infections and its likely impact on revenue in Q4Y22
Infosys - Bearish,inverted cup HandleWhy this Trade..??
Bullish Because...
1.Buy Pressure at Last candle @ Support
Bearish Because...
1.Inverted Cup & Handle Pattern
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
Chart made by the market particularly for Investors !The above weekly chart is of Infosys Ltd.
Here the stock price moves beautifully just in between the parallel channel, making higher highs and higher lows.
If one successfully manages to find the chart as above, he can simply buy at the lower channel trendline and sell at the upper channel trendline.
Yes, everything looks wow and amazing after the chart formation. As I do not have access to post chart image in my post here, I have tried my best to show the chart formation from Mar'20 till May'21, which you can see on the main chart, where the stock price moves in between the upper and lower channel trendline.
After identifying the channel pattern, if one had taken the position even on May'21, where the price touched and later bounced from lower trendline, would have made a good 28% in 3 months (Aug'21), where price touched the upper trendline.
Hope the above chart was useful with the information provided.
Happy Investing !
