INFY: Descending Channel and Flag BreakoutINFY is showing *early* signs of breaking out of a weekly flag pattern and descending channel. Keep on watch. This coincides with the CNXIT parallel channel breakout pointed in earlier idea . RSI is high, though volume change is not significant. Big gap resistance ahead.
IOY trade ideas
Infy Ichimoku Breakout Stock Name - Infosys Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1504
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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INFOSYS READY TO BREAK THE DESCENDING TRIANGLEPATTERN- The stock has consolidated for very and followed a channel since few weeks which is also range bound trading also on larger scale it has formed a descending traingle which is a bearish pattern but it can act as reversal on other side as well which is quite evident in infosys
TARGET- Imeediate target can be 1640 and further breakout from there can give immense returns in future
INFOSYS- INVERTED HEAD & SHOULDER FINAL LEG FORMATION IN WEEKLYINFOSYS- Look like inverted head & shoulder final leg formation in weekly chart
& already bounce from support levels.
Near by resistance is 200 ema, when it break stock will shoot up to target 1 - 1645
And when the h&s neckline break long term bull run can be expected target 2 - 1900
What am i seeing here, Infosys in a parabolic support ??Risk takers can buy Infy with a micro SL below that support curve, as it is in good buying region according to RSI, and there is a parabolic support line too.
Caution ! This is only for the risk takers, there are other better opportunities available in the market.
This caught my eye so posted. Let's see. If there is one more green candle in this support.. am buying !!
INFOSYS UPSIDE MOVEMENT --- SHORT TERM LEVEL - 1440/-INFOSYS UPSIDE MOVEMENT IN COMING DAYS
Even though Infosys and the NIFTY IT index saw significant declines, their Primary trend continues to be bullish, as can be seen from the charts. Therefore, there is a much higher chance that this stock will rise to the levels of 1420–1440.
INFOSYSBuy @ CMP ( 1365.10)
Stoploss - ( will be provided )
Targets - 1 - 1410
2) 1452
3) 1505
All the movements of Infosys wil be updated at the earliest for booking profits
Follow my ideas for better understanding of trading and also trading in a safe zone
This idea is for educational purpose
Slow and steady wins the race
Alll the best
Happy Trading 😁