InfyBuy back will provide support to this stock if 1430 levels come then it will be very good level to add
INFY trade ideas
Infys bullish viewIn daily timeframe Infy has clear Double bottom formed, hourly timeframe trendline breakout and parallel channel created. So bullish view expected further days in infys
Infoy bullish viewIn weekly timeframe Infy has clear Double bottom, 1hr timeframe trendline breakout and parallel channel created. Totally bullish view expected further days
Infosys SHORTReasons for Short as follows:
1) Classic Head & Shoulder Breakdown Pattern
2) Price trading near 52 Week Low Zone
3) IT Sector is the Weakest and Leading the Bear Market
4) Global Recession means Slowdown in Revenue for these IT Companies
SELL Weakness
Stop Loss above 1420
Targets:
T1= 1320/ 1300
T2= 1250 ish zone
#INFYNo Overlap on Daily Timeframe and a ride of Impulse
Crossing 1521 can make a swift ride towards
1574 / 1586
IZ Support at 1410.65 - 1430.35
Positive divergence in INFYSpotted positive divergence in INFY. Highest call unwinding from strike 1500
INFOSYS CHART ANALYSIS FOR 14-10-22INFOSYS Chart Analysis For Tomorrow, My View is Bullish For Infosys
NSE:INFY
INFY 1H chartInfy 1H chart, if breaks below 1482 good to sell, start of minute wave5, please also refer to below daily chart analysis of infy.
INFY can go bearishINFY is going down in Channel expecting wave 5 to go near 1354 & then 1278. if the price breaks the invalidation level (1465) then the whole markings are invalid.
Head and shoulders in INFY 75m chartINFY 75m chart has completed head and shoulders pattern and has given a breakout today with above average volume. The price action is bullish and we can look for long opportunities on Thursday when the market opens after a day off. Any retracement to breakout zone of 1415 can be a good opportunity to go long with targets of 1445/1470/1495.
INFY not looking goodHello everyone,
I am sharing the chart of INFY on 1 week time frame.
The chart is simple to understand and so much to learn for a new trader.
Price halt and top.
Break down and then retest of the point from where it broke down.
Now I am just trying to explain simple ABCD Pattern.
As per ABCD pattern AB = CD.
But very very important part is B should be broken down side .
We are right at B which is around 1367.
If its broken the target on down side is 1100 which is shown by point D.
ABCD in simple pattern, yet very useful
if you still have difficulty to plot it, you can just remember AB = CD, and can manually calculate the price projection.
STOCK ANALYSIS INFOSYSGood evening friends Infosys is a good level of 1400 sustained on hourly candlestick too. can show moves till 1479 in days to come. it's our view only for educational purposes.
Regards.
Infy MACD line should cross signal line while RSI >40When MACD line will cross signal line and RSI > 40 on daily chart. Buy signal
Buy out the dip of 1350 in InfosysNSE:INFY is one the leading IT consultancy company which does not need any description. Infy recently broke 1360 levels. Investors might add this scrip in their portfolio at current levels. Also one can average out if we see 1300 levels.
No chart patterns are favourable
Nothing so called trend reversal
This is an effect of unfavourable market conditions
The rising dollar index
This might soon settle in near time and we might see 20% upside i.e 1600 levels. before the end of this year
IT sector play and index ideas for 28 September I daily make educational content videos for financial markets
#INFYcomplete IT sector looking very weak . 1300-1320 is a good monthly support zone, below 1300 more pain
LONG: Infosys1) The stock is at a support zone from where it gave a new high
2) RSI is oversold with low of 19.43
3) The current hourly candle has also closed within the bollinger band.
Very high probability that the stock might cover the gap of 1520
INFOSYS .Head and shoulder breakdown.Obviously appreciation of dollar dxy is not helping IT stocks
as there is immence pressure due to economic out look in US.
Our IT stocks are just the reflecting the sentiment prevailing in US.
Though our banking stocks exhibiting lot more resilence our IT stocks are not.
There is clear head and shoulder breakdown has taken place in infosys.
Yesterday in Nasdaq it has witnessed selling.
Probable target shown in the chart.
This is my study not any trading recommendation.
Don't forget to like this post.
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Oversold Buechip - Infy This is one of those oversold bluechip. For a quick 10% return in a month's time. Just jump in now. A relief rally is coming. Maintain SL
InfyPrice is consolidating within small range. Formation of symmetrical triangle, bear flag is seen in the chart.
Plan A : Sustaining 1395 - 1405 can make the price to move towards 1420, 1440 and it have to sustain 1440 to move up further.
Plan B : Shorting at 1386, when there is bearish sign for the move towards 1374,1360.
Plan C : Understanding the trend strength and trade if the price is moving within the range 1387 - 1405.
Always have plans for different market movement, so that adapting it will become easy.
INFYinfy near a important level ...if its break 1370 then go down to hit 1306 in coming days .... infy below its all EMA which is sign of weakness...
