INFY trade ideas
INFYIn the Weekly chart of INFY,
we can see that it is respecting the last resistance.
We can see an Up move once it creates a Halt candle at last resistance.
Go Long till 1900-1950
slanted inverse head and shoulderinverse head and shoulder activated in INFY on daily timeframe with probable 7 % upside
INFOSYS BREAKOUT SWING TRADE - INVERTED HEAD AND SHOULDERSGood day :)
NIFTY IT has given a range breakout with a strong Marubozu open candle.
Most of the IT stocks are performing really good and most of them are giving breakouts.
I have identified one of the most strongest stocks of the IT sector which holds a weightage of more than 7% in Nifty. The stock is INFOSYS.
This stock has been in a channel since May 2022. In the recent support at the base of channel , the stock has created a Inverted Head and Shoulder pattern which signals a bullish trend in the stock.
Stock has broken the neckline with a strong bull candle. We can take a long position on retest of neckline and can expect good targets.
Investors typically enter into a long position when the price rises above the resistance of the neckline and the stock has already proved this by breaking out with a strong bullish candle.
Huge volume spike can be seen at breakout which confirms it as a healthy breakout.
Resistances are identified as Target 1 and Target 2 giving a Risk Reward Ration of 1:1.5 & 1:3 respectively
The probability of targets being hit increases as the stock is in a channel.
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
Infosys Stock Confirm Targets 2023 Infosys Chart Analysis and Confirm Targets with Demand and Supply Zones
Infosysy Made All Time High 1953 on January 2022 , and Break Support zone of 1620 - 1656 now same Support Zone Act as a Resistance Zone
As Nifty also Break Major Support 25 jan 2023 If Downtrend will Continue then Targets For Infosys Stock are As Given Below .
First Target - 1357 - 1312
Second Target - 1167 - 1152
As we Know US and UK are the major Customer For Infosys and All IT sector and Now Days Due to High Inflation in US and UK its affecting on IT sector , Keep Eye on INFOSYS .
Note - If you want any Chart Analysis for any Time Frame Msg me on Trading View I will Try my Best . Thank you . Please Share Our Ideas to Support Us .
Infosys technical analysisAs we can see Infosys just broke the fresh bullish pattern and broke the previous resistance and coming back to retest the resistance which was turned to support if we see any good bullish candle with good volume and any bullish patter we can go long on the stock
INFY INTRADAY TRADE | BUY ABOVE 1530Infosys looking good if sustains above 1530 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#InfyIT stocks started move and infy has just given BO above strong resistance area, watch chart for levels.
Infosys Positional Short Trade Setup!Infosys Face Strong Hurdle Near ~ 50% Fibonacci Retracement Level, Sell Positional~ 1515, Stop ~ 1550, Target ~ 1425, Expected Target Jan Expiry.
INFY - Bullish MarobuzuWhat a bullish Marobuzu today in NSE:INFY . It's move will be decided on it's upcoming results.
Infy short below 1482Infy looking good to short below 1482 level, it has taken support multiple times, if support gets break then can see gap fill till 1442. Please note I am not SEBI certified financial advisor. This is just my view pls take advice from experienced and certified financial advisor before taking trade.
bear flagINFY giving bearish sign ahead...... a 11% down flag breakdown ..... some supports are there better to exit for short term
new shorts can be initiated upon retest based on price action
#Infy cash : Flag pattern breakdown on charts#INFY Cash -Positional call
04.01.2023
Sell only below 1480
Stoploss 1501
Tgt 1456/1424/1404
Cmp 1495
INFY 1Hr Share AnalysisCurrent Pattern: Triangle pattern --Near top of pattern
if it breaks next level of resistance around 1583,which is 0.618 level of Fib Level
Indicator:
RSI --took a support from the trend line and above the 50 level
MACD- cross over the mid line and MACD line is above the signal line
Infosys Chart Anylysis On 15 Min Infosys Anylysis on 15min TF You can clearly see how the infy from last 20Days in Stuck between there
So we can expect trending move either side.
But Looking at Volune i dont think it can sustain above the level
intra day trade for tomorrowwe can see a accelerating triangle in the hourly chart of Infosys.
the stock is consolidating in that range for 8-10 days which is also a good sign.
We can expect weakness in sellers after it gives closing of hourly candle above 1530
so there are high chance of sharp more for 20 rupees above 1530
trade safe and at your own risk
Inside Candle Breakout> Infosys formed an Inside candle on 26.12.2022.
> On day 2, i.e 27.12.2022, it has given a breakout of Inside Candle on upper side.
> Also don't forget the buyback going on by the Company.
Infy Elliott Wave counts on Daily scaleWave 1 of C is a clear impulse now wave 2 pullback should be good short trade.
Infy Elliott Wave counts on Weekly scaleInfy has completed Wave A & B now Wave C down has started Wave 1 of C can end around 1455 for a small bounce in Wave 2 but eventually we should reach 1160-1050 levels to complete bigger Bearish Sequence.
