INFY : rectangle patternINFY :
Trading in rectangle pattern and taken good support in the daily time frame.
in 15 min TF, also taking support from the trendline. We may see once break resistance as per the chart.
This is for educational purposes only and my personal view. Please check from your end before entering in to trade.
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INFY trade ideas
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
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.
EMA - 50 Strong SupportInfosys will announce its earnings later in 2-3 days and is expected to follow along the lines of its peer TCS.
EMA 50 has always been a good support for the share and MACD hasnt seent he negative zone since March 20 market crash.
It will be interesting to see if the share rallies from here and mantains its EMA support or corrects a little more to meet its trend support.
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 !
INFOSYS <TA> analysis price ACTIONTGT for up >>1.>1678 / intraday tgt
>>2.>1719 / intraday tgt
>>3.>1745 / go for swing
>>4.>1788 /swing
PROBABILITY ARE LESS TO BREAK ITS SUPPORT AND GO DOWNTREND
TGT for down
..1> 1643 /if break his current support / go for intraday
..2> 1611 / can be achive in intrraday if this break go for swingg
..3>1593 / swing
..4> 1533 / swing
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!
infosisEMA 65 providing a major support points are market , chances of 65 to be continued as a sopport in day time frame. fffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
Infosys - the flag bearer - follow the patternDISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
VIEW :-
POSITIVE ... LET THERE BE ANOTHER FLAG