IOY trade ideas
Infosys Trading Setup View|30-7-2021As Describe In Chart
Trade Accordingly.
Support And Resistance
Lines Plot On Chart.
Once You Buy or Sell
Then Always Book Partial Profit.
Do Not Wait For Final Target.
Note: As We Seen Today After Opening Market Continue Sell Off In That Case Wait For Sometime To Take Entry In Either BUY Or SELL Side.
Thanx.
INFY LongINFOSYS LTD Is likely to continue in the uptrend till it touch the parallel line pattern at the top
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
