Infosys bullish engulfing and counter trendline breakout - bullish engulfing candle formed which also has broken the counter trendline in weekly chart.
This analysis is my own idea.
I don't recommend taking trade based on this idea.
consult your SEBI registered adviser to Know the market risk before.
in.tradingview.com
INFYC trade ideas
INFY
#INFY has taken support from the highlighted supply turned demand zone, indicating a potential reversal.
Additionally, the stock has found support at the 20 DMA, further confirming the upward trend.
Relative strength is positive, indicating the stock is outperforming the broader market.
Volume is average, providing a neutral signal, but not detracting from the overall positive outlook.
INFY | Bullish | DIRT CHEAP INFY is trading below long time support/ trend line and is expected to retest previous highs given IT industry needs to bounce back as it forms the back bone of banking and other tech related sectors. BNF & NDX are near record highs. hence it should be a just a matter of time when this bounce back happens. Time to take delivery of IT stocks - Large cap IT stocks
have marked key zones in the chart, Let's see how this works out.
Pro tip: Also, all of these stocks are paying very good dividend, buying these at lower levels will ensure a higher dividend payout ratio. INFY pays one of the best dividends, great stock to add for stability. Infy's most business comes from long term business contracts and hence should not be affected by short term concerns. It's one of the best PE ratio's at the moment.
rare moment/opportunity to add in INFY
INFTY 1.5 YR TARGET 2716 as per Pole and Flag pattern It seems INFY has completed Pole and Flag pattern (See arrow in Green and flag in blue), though retracement from LTH has been 53% which is more than book rules of 50% but still it looks like a Pole and Flag pattern and if that is respected then with that the target for NIFTY comes to 2716, I measure the next pole start point when the stocks moves out of flag line.
I have redrawn the Elliot waves as per new target of 2716.
The earlier post about INFY/ target still holds true but more as internal wave within wave 3.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.
Infosys - A Long ViewCMP - 1627 on 04.07.24
The weekly chart shows the support and resistance to the price movement.
If crosses 1680 and sustains above, it may go into a bullish phase.
Possible targets are 1730/1850/1900++
MACD is also showing a possible crossover.
At the the time of crossing 1730, we will complete the head & shoulder pattern formation which is in progress right now.
Keep in mind that the support seems around 1510, which can be seen at any time of correction.
Better to make the strategy according to the cash segment, which allows us to accumulate many times.
If the price trades below the triangular pattern, this setup will go weak.
Always plan your trade, in any case, the risk-reward ratio must be good. Don't hesitate to exit when hitting your risk management.
This illustration is only for learning and sharing purposes, not trading or investment advice in any form.
All the best.
Amazing breakout on Weekly / Daily Timeframe - INFYCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
INFOSYS LTD LONG Key Points to consider-
1. The stock finally showed a multi-pattern breakout from the ascending triangle and the
rounding bottom pattern in a weekly time frame.
2. Good volume buildup can also be visible for several weeks.
3. Entry can be made upon breaking the previous day's high levels of 1739.
Disclaimer- This is only for study purposes and not a buy recommendation
INFY Elliot wave based predictionsThe quarter01-24 result and mgmt commentary on guidance can pull INFY into a new bull run cycle to take it above LTH as per waves drawn on the chart.
IT index is looking good on chart and it can not move beyond LTH if INFY do not contribute well so expecting a good show by Infy this time post results unlike every time when it falls badly post results.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.
Infosys and Atul Ltd. Showing High Rise In Future OIINFY
The stock price was strongly rejected near the 1,730 level and experienced a significant drop.
Later on, the stock found support near the 1,380 level and started to climb.
Once the price broke through its trendline resistance, it made a sharp upward movement and reached its previous resistance area.
Due to the rising volume, there is an expectation that the stock could break through the resistance and continue to move upward.
Additionally, the MACD indicator is showing strong momentum as it is trading above the zero level.
ATUL
The stock has been on a downward trajectory, consistently creating lower highs and lows.
A recent breakthrough of the parallel channel has been noticed, accompanied by a rise in trading volume.
Moreover, the RSI indicated a divergence amidst the downtrend, with the current RSI standing above 70, indicating strong buyer momentum.
There is a potential for the price to move upwards from its current position.
infosys bullish flag and parallel channel break out.12.1.2024
parallel channel break out on Weely chart and
bearish engulfing candle formed on today.
also has taken support from 13 days ema level
next target narrow range R1 1714
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
Infosys long term buy given near 1385 1710 Target hit Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Infosys cup and handle and Elliot wave view- cup and handle breakout done
- parallel channel breakout done 2nd time
- pole and flag breakout done
- Elliot wave 4 reached wave 3 level
- trading above ema cross over
- weekly narrow range R1 reached
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
Infosys Ltd Analysis!NSE:INFY Analysis on a Daily Timeframe!
Double Bottom Pattern formation in Infosys Ltd!
Double Bottom Pattern/ W Pattern Formation with RSI Divergence!
Analysis:
As we can see in the chart NSE:INFY started falling down from Feb 2024. It was in clear downtrend. After that it has made a double bottom pattern but it's second bottom is lower than its first bottom, so I have added RSI indicator to get a confirmation about Divergence. We can see a clear divergence while price falling down RSI moving upwards so we can expect the price will move upwards in the upcoming trading sessions. I have marked all the important levels on the chart please have a look.
Trade Psychology and Setup:
Entry = Current price level is good to Enter
Target = 1607.65
Stop Loss = 1460.50
Disclaimer = Consider my analysis for Educational Purpose only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
INFY - BULLISH ON LONG TERMA level of 2000 is waiting to be tested, breaking the last range of 1900-1980. For that, INFY must cross and break the current channel. Anything below this range is a buy point at the dip, with a stop-loss below 1500. A 15-18% return is expected if the market stays at or goes above the current level and close above 1750 level so can invest more with a pyramid law -