INFY/N trade ideas
INFY not looking goodHello everyone,
I am sharing the chart of INFY on 1 week time frame.
The chart is simple to understand and so much to learn for a new trader.
Price halt and top.
Break down and then retest of the point from where it broke down.
Now I am just trying to explain simple ABCD Pattern.
As per ABCD pattern AB = CD.
But very very important part is B should be broken down side .
We are right at B which is around 1367.
If its broken the target on down side is 1100 which is shown by point D.
ABCD in simple pattern, yet very useful
if you still have difficulty to plot it, you can just remember AB = CD, and can manually calculate the price projection.
STOCK ANALYSIS INFOSYSGood evening friends Infosys is a good level of 1400 sustained on hourly candlestick too. can show moves till 1479 in days to come. it's our view only for educational purposes.
Regards.
Infy MACD line should cross signal line while RSI >40When MACD line will cross signal line and RSI > 40 on daily chart. Buy signal
Buy out the dip of 1350 in InfosysNSE:INFY is one the leading IT consultancy company which does not need any description. Infy recently broke 1360 levels. Investors might add this scrip in their portfolio at current levels. Also one can average out if we see 1300 levels.
No chart patterns are favourable
Nothing so called trend reversal
This is an effect of unfavourable market conditions
The rising dollar index
This might soon settle in near time and we might see 20% upside i.e 1600 levels. before the end of this year
IT sector play and index ideas for 28 September I daily make educational content videos for financial markets
#INFYcomplete IT sector looking very weak . 1300-1320 is a good monthly support zone, below 1300 more pain
LONG: Infosys1) The stock is at a support zone from where it gave a new high
2) RSI is oversold with low of 19.43
3) The current hourly candle has also closed within the bollinger band.
Very high probability that the stock might cover the gap of 1520
INFOSYS .Head and shoulder breakdown.Obviously appreciation of dollar dxy is not helping IT stocks
as there is immence pressure due to economic out look in US.
Our IT stocks are just the reflecting the sentiment prevailing in US.
Though our banking stocks exhibiting lot more resilence our IT stocks are not.
There is clear head and shoulder breakdown has taken place in infosys.
Yesterday in Nasdaq it has witnessed selling.
Probable target shown in the chart.
This is my study not any trading recommendation.
Don't forget to like this post.
Follow me to get updates.
Oversold Buechip - Infy This is one of those oversold bluechip. For a quick 10% return in a month's time. Just jump in now. A relief rally is coming. Maintain SL
InfyPrice is consolidating within small range. Formation of symmetrical triangle, bear flag is seen in the chart.
Plan A : Sustaining 1395 - 1405 can make the price to move towards 1420, 1440 and it have to sustain 1440 to move up further.
Plan B : Shorting at 1386, when there is bearish sign for the move towards 1374,1360.
Plan C : Understanding the trend strength and trade if the price is moving within the range 1387 - 1405.
Always have plans for different market movement, so that adapting it will become easy.
INFYinfy near a important level ...if its break 1370 then go down to hit 1306 in coming days .... infy below its all EMA which is sign of weakness...
infy intraday for todayv shape formed , stoploss very less
taget upside 20 point or not
intraday get or not ?
Infy buy above 1402 - 15 min candle should close above 1402 thenInfy buy above 1402 - 15 min candle should close above 1402 then only buy
Target 1412- 1422- 1436-1440
Sl below 1380 - Closing basis
Near Support level. BUYPrice is near Support level and so buy this stock and sell near resistance.
The levels are marked in the chart.
DOUBLE BOTTOM IN INFOSYS LTDDouble bottom in Infosys Ltd. Can go long with @ 1390 with target of 1630 +
Infosys in a 15min triangle pattren I found a triangle pattern in infosys in a 15 min time frame it would be a great intraday for tomorrow So keep eye on it.
Please use your on analysis before take any trade.
Double bottom patternThis isn't buying recommendation... I'm just validating / sharing my analysis with community of traders.
Although, I have bearish view on Infy because of recent news and thoughts of CEO about the employees. ;)
Well, Targets are %age of removal of total investment. 25% removal at every target. And shifting S/L to recent target. 👍
Double Bottom pattern in INFY.Discription:
Stock Name: INFY
Chart Pattern: DOUBLE BOTTOM PATTERN
Time Frame: 1D
Entry: Reversal from support level
Breakout above 1630+
Targets: Reversal Target 1630+
Breakout Targets 1900+
infosys daily chart indicates support around 1370 and 1320 good time to start buying with 50% now and accumulate at lower level also.
Infosys analysisInfosys LTD
--------------
Price & Volume relationship
========================
Volume supporting Daily & weekly decline
Candle theory
============
The current candle overtakes the previous candle and the Possibility is high (Daily, Weekly & monthly)
Conclusion: Yes we can.
INFOSYS (HEAD & SHOULDER BREAK DOWN)INFOSYS
On Daily Basis Time Frame the Stock is already in Bearish Mode and Today it has given a Good Break Down of Head & Shoulder Pattern which shows that Stock is going to fall further.
So as per Chart the Stock looks in Bearish mode and can be shorted as per the levels given below:
CMP - 1432.80 or SoR 1445
Target 1 - 1375
Target 2 - 1313
Target 3 - 1251
SL - 1475
Time Frame - Short to Medium Term
All charts posted here are only for EDUCATIONAL PURPOSE
Before entering into any Trade / Investment Position kindly consult your Financial Advisor
infosysinfosys ....
1 - forming h&s pattern
2 - price trading below 100 and 200 ma weak
share
3 - rsi 38 good for sell
4 - good selling volume
sell below day low for target
t1 and t2
