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INFOSYS LTD DRN

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I1FO34 trade ideas

Unraveling the Chart: A Deep Dive into Infosys' Technical AnalysTechnical Analysis of Infosys Ltd. (INFY) Overview Infosys has been on a strong uptrend, with the stock price steadily increasing over the past few years. However, the recent price action suggests a potential short-term consolidation or correction. Technical Analysis Let's dive into the technical analysis to understand the potential future movement of INFY: 1. Trend: * Short-term: The stock seems to be in a consolidation phase, with a slight bearish bias. * Long-term: A clear uptrend is evident, indicating a bullish sentiment. 2. Support and Resistance Levels: * Immediate Support: The 1800-1700 INR range appears to be a strong support level. * Immediate Resistance: The 2000 INR level is a crucial resistance level. 3. Indicators: * Moving Averages: The 50-day and 200-day moving averages are currently above the price, indicating a bullish trend. However, a bearish crossover might occur if the price falls below the 50-day MA. * RSI (Relative Strength Index): The RSI is currently above 50, indicating bullish momentum. However, it's not oversold, suggesting that a potential correction might occur. * MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, indicating a bullish trend. However, a bearish crossover might occur if the MACD line crosses below the signal line. Potential Future Movement: Given the current technical indicators and market sentiment, INFY might experience a short-term correction before resuming its uptrend. Possible Scenarios: * Bullish Scenario: A sustained move above the 2000 INR resistance level could trigger a new uptrend, with potential targets around the 2200-2300 INR range. * Bearish Scenario: A breakdown below the 1800-1700 INR support level could lead to a correction, with potential targets around the 1600-1500 INR range. Disclaimer: * Technical analysis is not foolproof and should be used in conjunction with fundamental analysis and market sentiment. * It's important to consider factors like global economic conditions, domestic policies, and industry-specific news while making investment decisions. * Always consult with a financial advisor before making any investment decisions. Note: This analysis is based on the current market conditions and technical indicators. Market conditions can change rapidly, and it's essential to stay updated with the latest news and developments.
NSE:INFYLong
by Stock_market_signals
1
Infosys results bad support and resistance levels on chartDisclaimer - 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
NSE:INFYShort
by JaiPrakashShuklaHarmonicTrader
INFY: Consolidation near ATHThe stock is consolidating neat ATH where as overall IT sector is on the up-move. This stock is just gathering all power to break and sustain it's ATH. Till now there is no closing above the consolidation but once it is there, this stock has all potential to move up to 2500 levels. DISC: The publication idea is just a technical analysis and should not be considered a buy or sell recommendation. Please consult your financial advisor before taking any trade.
NSE:INFYLong
by trade_opportunities
1
Tomorrow focus on Infosys 1945-1950 possible in 1-2 days 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
NSE:INFY
by JaiPrakashShuklaHarmonicTrader
Analysis of INFOSYS LTD (INFY) Chart (4-hour timeframe) Analysis of INFOSYS LTD (INFY) Chart (4-hour timeframe) Price Movement: The stock is currently trading at ₹1,908.70, showing a slight decrease of ₹1.70 (-0.09%). A sharp downward movement can be observed, with a significant drop of ₹75.15 (-3.84%), followed by a recovery attempt of ₹63.00 (3.30%). Recent Drop and Recovery: After a significant drop of ₹75.15, the stock has shown a rebound, rising by ₹63.00. This suggests a potential recovery, but traders should be cautious about the next few candles to confirm the strength of the upward trend. Cumulative Volume Delta (CVD): The CVD indicator below the price chart shows a slight positive value, indicating a mix of buying and selling pressure. The CVD bars reflect increased buying interest, which aligns with the recent recovery in price. Support and Resistance Levels: Support can be identified near ₹1,867, which was the lowest point during the sharp decline. Resistance could be faced around the ₹1,950 - ₹1,970 levels, as the stock previously faced selling pressure in this region. Conclusion: INFOSYS has experienced a significant price fluctuation, with a sharp drop followed by an attempt to recover. The buying pressure seen in the CVD suggests that there is optimism among buyers, but caution is needed to see if the price sustains above key levels like ₹1,920.
NSE:INFYLong
by shivtoshiva2022
Infy testing 2 and half year old resistanceInfy is currently testing a significant resistance level from two and a half years ago, presenting a key opportunity for a potential breakout. The stock is forming a rounding bottom pattern, which could signal a shift from consolidation to a bullish trend if it successfully surpasses this long-standing resistance. Traders should closely monitor the price action around this resistance zone, looking for a strong breakout accompanied by increased volume to confirm the pattern and anticipate a potential move higher. Any failure to break through or signs of weakness around this level may suggest a need for caution.
NSE:INFY
by TradePatternsLikePro
INFY -Cup and Handle BO wklyINFY-Cup and Handle BO wkly Name - INFY Pattern - Cup and Handle Timeframe - Wkly Status - Breakout with good volume Cmp - 1943 Target - 2279 SL - 1731 Fundamentals: Here are some key financial ratios for Infosys Limited: Price-to-Earnings (PE) Ratio: 29.871 Price-to-Sales (P/S) Ratio: 5.032 Debt-to-Equity Ratio: 0.101 Return on Equity (ROE): 33.56%1 Net Profit Margin: 11.6%3 Enterprise Value to EBITDA: 19.912 These ratios indicate Infosys’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage. Pattern: Cup and Handle The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis. Here’s a breakdown of its key features: Structure Cup: The pattern starts with a rounded bottom, resembling a “U” shape. This indicates a period of consolidation where the price gradually declines and then rises back to the original level. Handle: After the cup is formed, a smaller consolidation or slight downward drift occurs, forming the handle. This part typically has lower trading volume. Interpretation Bullish Signal: The pattern is considered bullish, suggesting that the price is likely to continue rising after the handle is formed and a breakout occurs above the resistance level at the top of the cup12. Volume: Ideally, volume should decrease during the formation of the cup and handle, then increase during the breakout1. Trading Strategy Entry Point: Traders often enter a position when the price breaks above the resistance level formed by the top of the cup. Stop-Loss: A stop-loss order is typically placed below the lowest point of the handle or the cup to manage risk2
NSE:INFYLong
by VCharts_TA
Analysis Infosys 📊 Script: INFOSYS LTD 📊 Sector: IT 📊 Industry: IT - Large Key highlights: 💡⚡ 📈 NIFTY IT and Infosys charts seem to move in the same direction even so that the chart patters are same for weekly time frames. NIFTY IT (42913) and Infosys(1953) both touched all time high on Friday 30-08-2024. 📈 As per weekly charts of Infosys the stock touched the all time high of 1953 in Jan 2022 and since then this have been a major resistance to breakthrough. Also, if we analyse the 15 min time frame the stock again tested this resistance level on Aug 28th. Considering this we can say that this the psychological resistance for the stock to break. 📈RSI for the weekly and 15mins time frame is in overbought zone and stock is trading above 50 EMA and 200 EMA. 50 EMA being the key support level in 15 min time frame. MACD is also at zero line for 15 mins. Stock has made green candles with each candle closing above the open of the previous candle and with good volumes. 📈 Considering the above analysis we need to wait for next candle and move in NIFTY IT on Monday. If the market moves up then we can expect INFY to cross 2000 levels. IF the stock falls then the key support levels will be 1930 and 1910 levels. ⏱️ C.M.P 📑💰- entry at 1950 🟢 Target 🎯🏆 - 2100 ⚠️ Stoploss ☠️🚫 - 1875 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:INFY
by Casahilsharma93
4