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INFOSYS LTD

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INFY/N trade ideas

Simple Trade Setup | INFOSYS | 14-10-2021 [INTRADAY]NSE:INFY Observations: 1) On 1 day time frame, we can see that now it closed above 50DMA as well as 1700 critical level. Which is a good sign. Downside breakdown of it, may result in profit booking. Please refer below chart : 1day Time Frame. 2) On 1 hour time frame, for short duration we can see rounding bottom pattern in formation. Neckline is at 1730 level. If it opens gap up above neckline and test 1730 level and takes support from it then it will give bullish move. But if it breaks down then it have immediate support at 1700 level. Please refer below chart : 1hour Time Frame. We can also see the critical resistance range of 1730-1740. Above this range it will be bullish. ------------------------------------- For positional buy trade safe buy will be above 1740 level only. Short to Mid term target will be 1850-1880 level. Keep SL as per your convenience. ------------------------------------- Trade Setup for Date 14-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:INFY
by Trading_hawk
14
Infy: Chart set up, Result and trading strategyInfy - Prima facie 1745-1758 looks likely to be resistance zone - trendline resistance on 28 October comes around 1789 odd levels - on the downside 1640 / 1560 are 2 important support levels So there you go, Important levels have been identified. Given the set up, F&O Strategy that may be considered: Sell Infy 28 Oct expiry 1800 Call option currently around 18-19 The strategy has yield potential of approximately 9% on Margin requirement and covers risk for a rise up to 1818-1819 odd levels till expiry. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:INFY
by indiamarketoutlook
Infosys Q2 results based strategies INFOSYS Q2 RESULT BASED STRATEGIES The IT heavyweight is scheduled to declare its results tomorrow. However, I am not sure at what time the results are likely to be declared so am creating the strategy now itself and have this post cum video explaining the basis on which I have created the strategy only for the purposes of tracking I have not taken a position. If I do take, I will let you know. Infosys has been behaving in a very unusual manner for quite some time. Either it goes up quickly and then abruptly falls and then goes in to a drifting mode then leading to consolidation. I have traded Long Only options in the scrip and have gained good ROI. However, for the last few weeks I have stayed away from all IT scrips in Options as the behavior is not something that I like to trade. Infosys Spot is at 1673 when I am writing this post so my strategies would be based on the same. Please watch the video to know the workings related to the strategy.
NSE:INFY
by AVENUESOFINVESTMENT
Good for long term !! (Uptrend)Clearly infy now is in a correction to go according through the trendline Indicators like MACD still shows a sell signal volume is not suffienient enough currently seen to see a burst. It may touch the trendline at somewhere around 1662 and see again a journey upside again. Rsi indicator is currently 45 which may go upto or below 30, once touched the low levels fill your baskets as LONG TERM trend is pure UPTREND. Currently we say a rickshaw man doji at 27-sep-2021, since then we are seeing a bearish trend recently but wait for trend reversal at short term again !
NSE:INFYLong
by itsbalahere_
Short term Swing trading opportunity in InfyShort term Swing trading opportunity in Infy Reasons/Traits : • Bearish Butterfly pattern formation yet to form • Dark Cloud Cover candle formation seen today • Symmetrical Wedge pattern formation is seen – Break out or Break down can happen in this formation for an intraday/short term swing trade • Price is under 20 SMA with decreasing volume What can happen next : Scenario 1 : Uptrend can continue to complete Harmonic pattern and reach 1.27/1.618 levels ( 1735/1755/1780/1800/1815) post break out of the wedge pattern Scenario 2 : Downtrend post break down of wedge pattern to reach 1675/1660/1650/1620 levels or till 50 SMA is touched and can take support there Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:INFY
by AdhigamaTrading