wedge pattern breakdown with huge gap IT sector under pressure
Infosys looking attractive by the price but don't go for long or positional until the price come in the wedge pattern
Infosys trades below 200 EMA, which is also a weak sign for a sound fundamental stock.
the chart looks like, it is the start phase of the downside.
I WILL UPDATE AGAIN WHEN INFOSYS LOOKS FORWARD TO BULLISH.
IOY trade ideas
Infosys - Short oppInfy historically did not give much return to shorters post results even it missed the earning estimates. Post results it moved up or sideways and did not leave good RR for shorters. This time results are out on 04/13. Price is already trading below 21 MA, if short now target should be 1700.
Release Date
13-Apr-22
14-Apr-21
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14-Apr-16
INFY LOOKING GOOD FOR - apr may month# INFY ... ✅
All levels given in charts for intraday as well long term ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
IF Tomorrowwe seen positive movementum then this levels are very useful for our stock options...
Possible to give good target
TRADING FACTS
Infosys - Bearish chart pattern -1514 breach?Infosys didnt manage to excite the markets. The slide is steep and a close below 1700 could well take it to next support of 1514. Missing street expectations is weighing heavily on the IT behemoth. If 1700 provides support, then it could consolidate at 1700 before recovering- BUT a breakdown seems to be the way forward given the steep downward momentum. What do you think?
Infosys Analysis !! Breaking Out.📈 Infosys 📉
In the market where every sector broke all important supports, IT it still holding and it shows relative strength of sector.
Infosys is breaking out from a triangle after testing multiple support zone of 1665-1680 since September 2021.
On Buy Side I am looking for 1800-1820 zone as first target then followed by 1900-1940 zone.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Infy: On the verge of a BreakoutInfy
- the stock has seen a lot of consolidation around 1850
- 1800 zone is an important support level
- above 1954 doors would open up for further upside
Till the time the stock is able to hold on to 1800 odd levels the stock has a very good probability to scale new highs and eventually move towards 2200-2400 zone
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F&O Strategy
One may consider to sell 28 April expiry
1840 Put option currently around 31
The strategy has a yield potential of 10.5% on Margin.
On the downside the strategy gives protection for a fall up to 1809 odd levels on expiry day.
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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
INFOSYS - Triangle pattern breakout - Swing TradeThe analysis is done on hourly TF hence price may take hours to few days in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Infosys options Buy Call 1880 Rs 32 to 35NSE:INFY
options Buy Call 1880 Rs 32 to 35
SL: 29
Target: 60
Infosys Ltd is in uptrend and formed demand at 1845 to 1856. 1920 + it will face selling pressure / resistance but can form a new high with a large upside move, a good opportunity to buy a Call.
Disclaimer: the author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice
Infosys ltd Chart Analysis For invesment India 2022Infosys ltd Chart Analysis For invesment India 2022
Globally Certified Top Employer For the second Consecutive Year in 2022
Established in 1981
IT services company with more than 292k employees
first IT Company from India to be listed on NASDAQ
Infosys recognised as the fastest growing Top 10 IT service Brand
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