INFY BreakoutINFY has given breakout of the consolidation zone hence it can rise upwards to fill the Gap.
INFY/N trade ideas
trend reversal infosysafter a big gap down infy consolidated in certain price range
form here it given range breakout it may try to fill that gap
nifty it is turning back It stock will get movement from here
Infy bullishInfosys is in channel and there is indecisive candle today created
If closes above 1300 then next target 1365
INFY - AnalysisThe key levels for INFY are as follows.
The move is ready to take off.
Buy - 1247
Target - 1365
Infy - Chart Pattern Observation 1Candlestick Chart Pattern - Shooting Star
Relevance - It is a reversal pattern after a bullish/bearish momentum gets exhausted in the market.
The above chart is for observation and learning purposes only.
INFY - POSSIBLE MOVE ANALYSIS: INFY, CMP @ 1509 - LONG & SHORT TGTs and SL are in the Chart. FOR BOTH BREAKOUT or BREAK DOWN, STRONG CLOSING CANDLE IS MUST.
Am neutral because, this is ascending triangle pattern with higher Lows but today the Price action has not respected 50/200EMA. This is for Educational purpose.
Infy Short term Long 30 daysNext week is the 1st quarter result
the result will be ok,
if the close day is above 1445 target will be 1500, and the next target will be 1572,
the histogram also needed to be positive
WHY INFOSYS FELL SO MUCH (PART - 2)
infosys had formed DOUBLE TOP in the last few weeks and had finally broken it and reached the target
The double top was formed alongwith the wedge pattern which was earlier mentioned
base formation in infosys good for long 1. infy have made base formation at fib 0.5 levels
2. may retest of its breakdown
3. going long above its previous high 1270 with strict sl
4. R:R ===== 1:1
5. for big targets trailing sl should be done
Infy Elliott Wave counts on Weekly scaleInfy is about to complete correction on larger scale from here we can expect at least 3 waves bounce first confirmation will be daily positive close & weekly close above 1300 would see lot of interest from investors.
IT companies - are they safe ?IT companies are struggling due to slowdown in US.
For them, it will be difficult to maintain the healthy CAGR for few yeas.
Its better to park money in safe and defensive stocks.
InfosysInfosys as I see it on a Daily tf....... To Me it seems that the IT sector will BOTTOM OUT when Infy bottoms out..... Ill have a look at the Nifty IT chart again n post
Opportunity to bottom fish InfosysInfy trading in a rising channel form more than a year and giving a chance to go long.
Target can be kept as the marking path while the stop loss can be placed at 1444 on daily closing basis.
Please do your own research before entering any position.
infosysFor TV 1234 and you all............. Nothing changes for INFY.... It is Good that the retracement went beyond my expectation.... that would also mean that the upside retracement would be Larger....and remember... this is a Weekly chart
will infy crash 10% cause of selling in us market?NSE:INFY if #infosys breaks daily support of 1365/1345, then only we can expect a fall till weekly buy area of 1250 range zone, if #infy does open 10% down , then it wil be opening at the weekly buying zone, dont rush to buy or invest unless weekly buy zone holds infy fall, if weekly zone breaks then avoid infy for investing purposes.
TIME FOR ACCUMULATIONInteresting quarterly results came .
1. As expected due to global issues results were affected ,
2.Profit declined quarterly and marginally increased yearly still
this major fall came due to order book .
3.Still this price action comes as a blessing for investors and even for swing traders
4.The price has come in a demand zone ,
5.Short term price target Rs 1340 - Rs 1450.
6.Rsi in oversold zone
START ACCUMULATING THIS GEM OF A SHARE FOR DISCOUNTED PRICE
Infosys Crash 11%, 35% down since ATHInfosys Crash 11%, 35% down since ATH
Trend : Bearish
Fundamentals : Weak Quarter results, Outlook Downgrade by Nomura and CITI Research
Strong Resistance : 1350-1450,
Support : 1150-1100
Trading Zone : 1350-1150..
Daily chart formed Hammer, invalid below 1180
Accumulation Zone for long term Holding, SIP Level - 900-1300
Infosys Where to Buy ? US and UK are the major Customer For Infosys and All IT sector and Now Days Due to High Inflation in US and UK its affecting on IT sector
Down side First Target - 1357
Up side First Target - 1167 - 1152
INFOSYS IN CORRECTIONINFOSYS IN CORRECTION
Zig Zag pattern in continuation
5-3-5
5-3 completed, next leg under progress.
It's an analysis , not a trading advice. Trade with due diligence.
