Buy Infosys 1700 CE at todays highBuy Infosys 1700 CE at todays high
Keep SL : todays low Spot price
Target : update you shortly
INFY trade ideas
Buy Infy for short termBuy Infy for a target price of 1750. Views are for educational purpose only. Please consult your financial advisor before taking any trade.
infy completed the measured move neasr 1758infy completed measured move of ab=cd near 1758 & also near gann level 1764 got resisted
now more weakness below 1670 for min tgt 1640--1620
Infy: USDINR inverse co-relation & Moving Average Play potentialInfy
CMP 1702
Observations
- 20 day EMA currently around 1691
- 50 day EMA currently around 1618
a close below 20 day EMA may lead to fall towards 50 day EMA
also keep a close eye on USD INR. If Rupee strengthens further (towards 72 levels) the probability of Infy falling towards 50 day EMA would increase
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Given the set up, F&O Strategy suggested: Bear Call Spread
One may consider to
Sell 1760 Call option Currently around 19
Buy 1820 Call option currently around 8
Max profit potential Rs 6600/- per lot
(Yield potential 10.5% approximately)
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
infy my personal chart.this chart is not the analysis view..
this is a particular time frame and particular duration view. this is for my own use..
sorry to interrupt all ..
INFY May CorrectSell Infy below 1712 for the target of 1695.
It stocks have shot up significantly , time to cool off.
Wait for 5 min candle close below 1712.
Infy--ConsolidationINFY again consolidating, check the previous result for consolidation in the same chart.
INFOSYS: IntradayInfosys formed a descending triangle on the 15-minute chart with price right now at the demand zone
INFY Ready For New targets 1650/1700+++BUY ABOVE- 1570
SL- 1560 (AS PER OWN RISK)
Targets- 1585/90/1650
As we can see on Chart their is symmetrical tringal pattern formed as well as inverted H & S pattern ...so this bullish pattern and can give good upmove ..
astrology onlyjaisa ki dosto aap dekh rhe hai ki infy bahut jyada badha hai , idhr se jyada upar nahi jaega aisa muzhe lagta hai aur isme ek correction aane ki sambhava hai. mai galat bhi ho sakta hu .
[POSITIONAL] INFY LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Possible Trend Termination I am looking this elevated Move as Wave 3 in which we can also see there is Strong Gap Up , One can start looking to trail the stop in order to book once this Move
Terminates in near futures
Good luck
Infosys analysis from elliott wave perspective Everything is mentioned in the video it self. Questions are welcomed
Upmove in INFY till 1700 expectedSeems after wave 4 completion in form of a triangle infy is all to set for another upmove
INFOSYS breaking important trendline may give good tradeInfosys made head and sholder pattern too and breaking important trend line (blue) will bring some selling pressure below 1650
if it sustains below 1650 than 1640 immediate target
if 1640--38 is too broken down than sharp correction towards 1610 may follow in coming days
buy if breakout after retestafter breakout wait for retest in one day candle if candle break it's previous candle high then go for long it will go for it's tgt , educational purpose only
