Important support point for InfosysIf closes below the neckline, it can be more pain for the investors as H&S pattern will be activated.
INFY/N trade ideas
Pattern breakdown may see a big fallAfter the recent fall, Infy has formed a Pattern breakdown - Price went below and managed to move inside the pattern. The next direction depends on where it closes today, inside or outside the pattern.
The fall may be big if it closes below the pattern. The target could be at 38.2 Fib retracement level. The correction should happen for the rally Infy has seen for the past 2 years. However the 2 major support level before it reaches the target downside.
INFYINFY
Post a down moves has been consolidating in a range.
staying below 1700 trending moves may come..
Use pithfork for future support and resistance,
INFOSYS ... another swing in makingAfter weeks of under-performance, Infy seems to be gearing for a upmove, once again entering the same old rising parallel channel, keep watching this chart
And as always do not enter any position without own study
#DYOR
Infosys Ltd - Inverted H&S with Buildup at ResistanceHi Guys,
Infosys has formed inverted H&S with Buildup.
Buy - CMP
Target - 1845
SL - 1715
Disclaimer: Kindly do your own analysis before executing the trade.
Infosys Swing Trade...Infosys broke out of a trend line after having been consolidating for simetime in VCP pattern. Going long now could ptentially privide good returns, untill the swing high of previous time...
INFY SWING TRADESYMMTRICAL TRIANGLE formation in INFY. we can enter side after its break .Targets are mentioned in the chart itself.
Is this the end of an uptrend in INFY? When the head and shoulders pattern happens during an uptrend, the price rises and then pulls back (lower), forming the left shoulder. The price rises once more, forming a higher peak known as the peak of the head. The price falls once more, then rebounds to a lower peak, establishing the right shoulder.
Swing lows occur when the price falls after the left shoulder and the head. A "neckline" is formed by connecting the swing lows with a trendline that extends off to the right. When the price falls below the neckline, the pattern is complete, and the price is likely to continue falling.
The entry opportunity on a head and shoulders pattern occurs when the price breaks the neckline.
so bears are ready to shortto be honest , market is no longer in bullish sentiment so it is good to take small put position on last stand sector.. "THE GREAT IT-SECTOR",immediate targets are 1667,1650, and if bears are really hungry then 1585 is not so far, because no big houses will buy infy in 1600-1800 range and retailers and some small operators cant hold this BEAST on this levels..
lets see, what happens to this guy
Buy Infy Morning star pattern on support.
Can add on dips near 1700 also good option. Support 1650 on closing basis. Tgt 1950++
Small risk. 👍
InfosysCompany:- Infosys Ltd.
Sector:- Information & Technology (IT)
Buy @ 1650 - 1700
Stop Loss @ 1590
Upside Target @ 1850 then 1950
Time frame:- For 2 months prospective
Technical:- On the daily chart there is multiple support zone and a 200-day moving average of around 1650 level and the stock fundamentally looks good. So if you are interested you can buy this stock for 2 months prospective.
Disclaimer:- Before taking any trade do your own analysis or consult your financial advisor.
Infosys for Swing tradeScript : Infosys (NSE, BSE : INFY)
Can be traded as swing with the sl of 1650, for the target of 1790/1840/1900/1940/2000++
Reasons : W pattern(Double bottom) in making at demand zone, support from 200EMA
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INFY , Triangle Breakout on The Charts With Neutral Indicators 09.02.22 , INFY, Trying To Give Breakout or Breakdown in Triangle Pattern. RSI Neutral But MACD Getting Stronger. Most Likely Will Go Upside as Global Cues are Positive. Keep Watch . NSE:INFY
INFY LONG SETUPINFY can given good upside breakout above 1590 - 1596 levels.
can move towards upper FIBO LEVELS in coming days.
Resistance / targets - 1705.25, 1761.35, 1941.20
View Negates below - 1532.55 levels
INFYHELLO EVERYONE
this is chart of a INFY and this i made a Elliott wave
Elliott wave 12345 and wave A is complete and wave B,C is running
thank you
Infosys Technical analysis infosys after forming double bottom ready to give 3% long momentum cmp @1715 TGT@1790 Hold (3-4 days)
Infosys - Swing TradeAlmost all the IT stocks looking bearish and among those Infosys seems to be the weakest.
Please wait for the trigger level to cross and close below that level atleast in 1H time frame.
Further target will update as per Price Action.
INFOSYS - Daily Chart - Long SetupInfosys on daily chart is at support and formed bullish inverted hammer. Good long setup.
INFSOSYS TRIANGLE BREAKOUTNSE:INFY has broken out of a 2 month descending triangle pattern with a gap-up break.
Indian markets are very weak and volatile right now. A possible gap filling could be seen before INFY makes a move towards its all time high. A Position can be taken if stock sustains above it's all time high, targets extend to the above resistance trendline at 1950-1970 levels.
If FII's turn net buyers, INFY could see a huge rally after breaking 2000.
broadening channel pattern In this broadening channel pattern , if we take entry at bottom then we can expect a good RR ratio.
Stop loss just below the pattern that is around 3%.
If not happen like indicate in chart and a bearish engulfing candle breach the pattern then take your stop loss .
if happen then it is a really good trade out there.
Due to sharp fall it may consolidate at bottom then start north side.
INFY , Triangular or Flat correctionEducation purpose only :
Don't take long position .INFY has making corrections for a week's. May be it has been forming Triangular or Flat correction. After finishing this correction . Make new high for wave 5
For #INFY Investors!#INFY on Weekly Time Frame. 1525 WCB can be SL for Short Term Investors. If that's saved, we can again see 2200+ levels in coming weeks. All depends on how IT performs in coming days!
