IOY trade ideas
INFOSYS READY TO BREAK THE DESCENDING TRIANGLEPATTERN- The stock has consolidated for very and followed a channel since few weeks which is also range bound trading also on larger scale it has formed a descending traingle which is a bearish pattern but it can act as reversal on other side as well which is quite evident in infosys
TARGET- Imeediate target can be 1640 and further breakout from there can give immense returns in future
INFOSYS- INVERTED HEAD & SHOULDER FINAL LEG FORMATION IN WEEKLYINFOSYS- Look like inverted head & shoulder final leg formation in weekly chart
& already bounce from support levels.
Near by resistance is 200 ema, when it break stock will shoot up to target 1 - 1645
And when the h&s neckline break long term bull run can be expected target 2 - 1900
What am i seeing here, Infosys in a parabolic support ??Risk takers can buy Infy with a micro SL below that support curve, as it is in good buying region according to RSI, and there is a parabolic support line too.
Caution ! This is only for the risk takers, there are other better opportunities available in the market.
This caught my eye so posted. Let's see. If there is one more green candle in this support.. am buying !!
INFOSYS UPSIDE MOVEMENT --- SHORT TERM LEVEL - 1440/-INFOSYS UPSIDE MOVEMENT IN COMING DAYS
Even though Infosys and the NIFTY IT index saw significant declines, their Primary trend continues to be bullish, as can be seen from the charts. Therefore, there is a much higher chance that this stock will rise to the levels of 1420–1440.
INFOSYSBuy @ CMP ( 1365.10)
Stoploss - ( will be provided )
Targets - 1 - 1410
2) 1452
3) 1505
All the movements of Infosys wil be updated at the earliest for booking profits
Follow my ideas for better understanding of trading and also trading in a safe zone
This idea is for educational purpose
Slow and steady wins the race
Alll the best
Happy Trading 😁
Result Base INFY Analysis As per OI Data Looks Like INFY Looks Bearish If its break 1435-32 Level then probably we Can See 1420-1410 Level so if you are ready to take risk then go for Option buying.
Buy INFY 1420 PE Near 17, Stop Loss 13, Target 25,28,32
Time Frame 3-4 Days
Only For Educational Purpose.