Infosys Analysis Stock is trading near strong BO zone, however, recent news of stock may drag it down for some time, however BO will be still the same level, so, follow chart for proper entry and exit.
IOY trade ideas
INFYInfosys broken head and shoulder in weekly chart. This is high chance to break ATH with this rally. 1770 is a Target.
The stock is ready for a breakout!! are you??Infy-
Monthly chart- The correction that halted at 61.8% of Fib retracement was a bullish zig zag corrective pattern. These patterns develop when the mkt wants to finish the correction ASAP and move in the direction of the larger trend.
RSI- halting in the bull zone of 40-45 at Fib support is another indication of the bull trend is intact.
Weekly Chart-
The recent pull back to 1357 was a 50% fib retracement indicating that the uptrend was strong. The Gap at 1500 is the immediate resistance. The stock will breakout above that. I will want it to settle above it to start trading. There is a big gap between 1647-1573 the stock will find resistance at these zones, above that we should see the highs at 1800 again.
INFY is changing its trend expecting a target of $24
INFY ADR currently trading at 18.60 is changing its trend on the weekly time frame where the EMA20 is crossing EMA50 with a golden crossover. Consolidation of 18 months with above indicators suggest a good upmove.
Infosys buy @ cmp 1500
can we see the profitable trade from infosys, the levels mentioned as targets
add to watchlist and place order
stoploss - 1461.30
targets - 1527, 1577, 1613, 1662
follow me for future profitable trades
this idea for educational purpose only
infosys gap resistancewe can see an upside breakout in infosys and there is a gap in the stock ahead. we can expect the stock to fill that gap in coming trading sessions. we can see an upside move of 5 % in the stock in coming week.
Inofosys "Catch me if you can" - CMP 1578If TCS is almost trading at Lifetime High, HCL is as well. Why would you think Infosys won't go till Lifetime high?
Cup and handle break-out completed. This large cap is likely to give a 20% return in the short term.
Fundamental Rationale:
As per Reuters "The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024."
When borrowing cost goes down >> people and businesses borrow more>> They spend more >> Money circulation in the economy increases (due to increasing demand and production). >>More revenue to service industries. US IT companies can resume expansions that were on hold due to inflation. The scenario now is that since they can start new projects owing to lower loan interests, Indian IT companies will benefit. Since the majority of US companies outsource IT labour to Indian IT service companies,. Infosys/TCS etc., these companies can see an increase in revenue in the incoming quarters.
We can see opportunity in the chart pattern; invest and just wait patiently for a return.
Manage your risk; it is advisable not to invest more than 5% in one script.
Disclaimer: All views are personal. This is not a recommendation. Trade at your risk.
INFOSYS looking Very Strong after a very long consolidation infosys is ready for another bull run in it sector.
INFY IS BREAKING H&S ON WCBINFY is breakinng h&s pattern on #weekly chart
with good volume and rsi
#target can be 1920
educational idea
Infy near Trendline breakoutIT sector is looking bullish and Infy can be one of the stocks to watch out.
Stock can give a TL breakout above 1460. A weekly closing about 1500 will confirm the breakout for targets of 1690, 1850+. SL is below 1340.
A safe stock for investors with good dividend yield. Stock is always a buy on dip from investment perspective.
IDEA SHARED ONLY FOR EDUCATIONAL PURPOSES
Infy showing promiseInfy recent price action accompanied by decent volume build up suggests an upmove in near term.
INFY Trendline SupportINFOSYS has shown some sort of demand on 1hr timeframe right at the lower trendline which has been forming since 6+ months. One can make long position in the same with a target of the upper band of trendline.
Stop Loss: SL has to be below 1,325
Entry: Entries can be made after formation of a strong candle on hourly timeframe which is also backed by strong volumes
Target: Upper trendline, 1,490 - 1,500
Infy Short term BuyStrong weekly Close, and Strong Higher high confirms the Short term Uptrend, good to buy cmp and on dips.
Higher ROI and Low risk to higher reward
INFY Waiting For Breakout Infosys weekly Closing is Good with a Strong Bullish Candle once it breaks the Previous Resistance we can expect an 8% Move
Amazing swing trading ideas for 15 Dec Markets I daily make educational content videos for swing / positional trading
INFY-Likely Cup &Saucer patternINFY: After a brief period of consolidation has formed C&S Pattern that too in weekly chart indicates huge breakout is on the cards.Infy sustaining above its neckline breakout level of 1500 likely to test 1600+(For educational purpose only)
INFOSYS- FALLING WEDGE PATTERN BREAKOUTInfosys ltd long consolidation falling wedge pattern breakout
short term investment plan
expecting target - 2548
pattern - falling wedge
breakout status - yes
last trading price - 1491 rs
I'm planning 2 target for this script.....
one is previous all time high, which means 1863 rs
second target is based on fib-extension level 1.0 range, which means 2548 rs....
Infosys (Infy) From the week starting 18 April 2022 till the week starting on 10 April 2023, the stock was hovering between the price channel of 1650 and 1354.
It took a gap down for the price to slide below that channel. Post the gap down (17th April 2023), the price has subsequently recovered to form a base inside the previous channel zone.
Positive above 1520 for a positional trade.
Resistance at 1650-1720 as this zone needs to be filled. Post which, we can see strength in upward momentum.
Cautious below 1355.
Trade with a strict stop loss of 5-8%.
Not a buy/sell recommendation. Please consult your advisor.
The Big 6 of NIFTY 50... what's cooking?The Big Six of NIFTY 50
- HDFC Bank
- Kotak Bank
- INFY
- ITC
- Reliance
- TCS
Appear to be forming a base ( rounding bottom ) in higher time-frames.
It is a very interesting development as these heavyweights together have not been outperforming the broader market, for quite sometime.
This could be an early sign that momentum might be shifting towards large caps.
Breakout from very good pattern ...Consolidating for last 1 yearConsolidation happening from December 2022 ... expecting price movement of 8-12% from current levels in 2-3 weeks ... Enjoy the rally
Infosys infy 1480 , 1560 next Target buy on dipOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
