INFY LongINFOSYS LTD Is likely to continue in the uptrend till it touch the parallel line pattern at the top
INFY/N trade ideas
INFY Hope you guys enjoyed rally on morning chart.1600 CE @double return. I am here to give you safe trading experience. Ping before position.
InfyBuy above 1610 with the stop loss of 1598. Targets are 1622, 1640 and 1660.
Sell below 1590 with the stop loss of 1602. Targets are 1578, 1564 and 1550.
INFOSYSall indicators suggest the scrip could still be bullish. If the price on 26th, July opens higher, then we could get some profits. However, the spoiler is the volume which is low. This is only my own setup for the next trading day & everybody is welcome to correct my analysis so that I could pick up points. But in no way I am suggesting any action by any investor. The purpose is only academic.
Thanks
INFY Breaking out of Flag Pattern- Keep an eyeINFY May break out of flag pattern in coming time 2-3 days.
It had already broken the flag yesterday but went down again. Keep an eye on this breakout.
Entry - 1575 ( On day Closing basis )
SL:- 1501
Target:- 1725
Infosys Ltd.- Up Flag on Daily ChartBreakout Candle: Daily candle dated 22nd July 2021
Breakout Candle Close: 1590.20
Anticipated Price Target: 1764
Suggested Stop Loss on daily closing basis: 1573 (for the first 4 daily candles starting from 23rd July 2021). Thereafter the book the profit/ exit on attainment of the price target or downward crossover of 26 EMA by 5 EMA whichever is earlier.
RR Ratio: 1:10
NOTE: This idea is an attempt to predict the future price movement. Investment decision based on this idea, if any, shall be solely at the risk of the investor.
Infy add again in Portfolio cmpLooks good at cmp
Good consolidation breakout on Infy chart
For swing as well as longterm holders
for swing SL 1530
INFY
This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk
divergance infy have chances to go downDivergence in stock trading is the contradiction between price action and indicators on the chart.
Since indicators themselves are based on price action, if the price is going contrary to the indicator, this is a clear sign that trouble is on the horizon.
This conflict of price and technical indicators is one of the strongest signals in trading.
The strength in the signal is related to the fact that a potential trend reversal is on the horizon. From experience, you can make the most money if you are able to catch a trend at the very beginning.
infosys is nearing to big break out watch out The shares of infy is currently trading at 1555.45 one who can manage the risk can buy the share after the channel pattern break out or can enter now with the small quantity
Target - 1706
stop loss - 1514
The risk reward ratio for this stock is 1:4
currently I'm very bullish on it sector
INFY Trade Setup For Week As of Now My View With IT SECTOR is BULLISH...
INFY Took Resistance 1588 and then we see Profit Booking which was expected after BOOM in ITSECTOR
No we Have Some levels for NEXT WEEK ...
If infy take SUPPORT from TRENDLINE which is near- 1552-1556 then we will take trade for target of 1588
and if it broke the TRENDLINE then take trade at 1540 and target will be 1588
if infy not sustain on 1540 then we will go for agrresive short levels are mentioned on chart
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INFOSYS technical + simple chart analysisI am siddharth dhurve , i am 19 years.. here is simple and best infosys ..
there are three possibilites;
1: first it may take direct support and continue to move up.
2:second it may directly open gap up . may break previous high or consolidate..
3: third it may break trendline and take support from 1501..
Infy: Triple top formation observed in hourly chartInfy
CMP 1555
- The set up has a target of 1496-1508 levels on the down side below which there could be further extension fall towards 1453-1465
- on the upside I would be cautious if Infy trades above 1578
- note I do have my bias in Infy
so do your due diligence
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
Infy: Chart set up and trading strategy for July monthInfy
Observation
- After result announcement, Infy goes into consolidation mode for a 2-5 weeks
- it then has rallied 17-27% till the next result announcement (calculation done on a opening or closing basis)
- current rally is measured at roughly 21% so far and another 9 trading sessions to go
- if Infy is to follow the blue channel, then we have be at the top end of the channel
- however if Infy is to follow the red dotted channel, then there is a scope for a price movement up to 1671 odd levels
Given the set up, F&O strategy that one may consider
selling Infy 1660 Call option around 12
The strategy has a max profit potential of Rs 7200/- per lot
More importantly from risk management point of view, it covers risk of rise in Infy price up to 1672 levels till 29 July 2021.
Take care & safe trading
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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
