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INFOSYS LTD

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IOY trade ideas

INFY - Risk Reward is good for Shorting for 1600INFY - CMP 1864 I see multiple signals for shorting this script. 1. The 5 wave seems to have ended at 1991.45 from April 2023 low of 1185.3. 1.1. After the 5 wave impulse rise, the price has completed one impulse wave down for A wave on the downside (this to had 5 waves on the downside).. and a FAST rise to 0.618% to complete the B wave.. Now, I am EXPECTING that the C will start, that will have 5 subwaves and it will likely end at 1600 odd levels.. Here is the chart 2. H&S Formation 3. halting at the 0.618% Fib retracement level. If it falls from here, then Bullish AB=CD pattern will come in to play here is the link to the chart If you closely observe, it has also broken the swing low of 1718.55 (6th Aug 2024) on 4th Nov (low made on 4th Nov was 1718) Finally, I have reasons to believe that INFY has completed it's 5 wave impulse on Monthly TF as well.. But awaiting confirmation for the same.. Here is the chart with counts on MONTHLY TF I am not a SEBI Registered Analyst. Please consult your Financial Advisor for investment decisions
NSE:INFYShort
by Murthy_Santhosh
Turning Bullish: InfosysInfosys has turned bullish by taking strong support around 1760 levels. Previously, it had a strong resistance around 1953 levels. It came under strong selling pressure breaking all resistance like 20 EMA and 50EMA. However, it took strong support around 100 EMA levels and turned bullish. Resistance levels: 1903, 1953 Support levels: 1823, 1760 Verdict: Wait for confirmation that the 20EMA (Black Line) will cross above the 50EMA (Orange Line) in the weekly closing. If RSI also rises over 60, we can enter for a target of 1950 levels.
NSE:INFYLong
by shanmurali
INFOSYS - POSITIONAL TRADE WITH VERY GOOD R:RSymbol - INFY INFY is currently trading at 1942 & approaching ATH resistance zone. I'm seeing a trading opportunity on sell side. Shorting INFY Futures at CMP 1942 I will be adding more position if 1980 comes & will hold with SL 2025 Targets I'm expecting are 1780 - 1700 - 1580 P.S. : INFY is approaching ATH resistance zone after a long time. ATH resistances are usually hard to break in one go. To break this resistance, INFY must spend some time here (2-3 weeks) before breaking out. Only then we will see more price growth towards the upside. As of know, given modestly high valuations of INFY & overall market, The setup looks more towards negative side & It is highly likely that the price will take resistance from here & change its course to south. I've shorted far month futures already. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:INFYShort
by akshit_official
2
The Breakout Retest Play: 5 Stocks to Consider1. Infosys NSE:INFY ● The stock has formed a Rounding Bottom pattern, and after the breakout, it rose significantly, reaching an all-time high near 1,990. ● Currently, the stock is trading slightly above the breakout level following a minor pullback. ➖ Best buy level: 1790 - 1830 2. ITC NSE:ITC ● The stock encountered resistance between the 470 and 480 levels multiple times. ● After breaking through this range, the price surged to an all-time high of 528. ● The price then faced rejection at this peak and has since retreated to the breakout level, where it is now rising again. ➖ Best buy level: 470 - 480 3. Lupin NSE:LUPIN ● The stock achieved a breakout after nearly nine years in August 2024. ● Following an initial upward movement, the stock price pulled back for a retest and is now trending upward once more. ➖ Best buy level: 2000 - 2050 4. Birlasoft NSE:BSOFT ● After breaking out of the Rounding Bottom pattern, the stock price surged to an all-time high of 856 before declining. ●The stock is currently trading at the breakout level, which appears to be a strong support. ➖ Best buy level: 550-560 5. Emami NSE:EMAMILTD ● After a prolonged consolidation, the stock developed an Inverted Head & Shoulder pattern. ● Following the breakout, the price surged to an all-time high of 860 but faced strong rejection from that level. ● The stock is now approaching a retest of the previous breakout level. ➖ Best buy level: 595 - 600
NSE:INFYLong
by GoodluckCapital
Unraveling the Chart: A Deep Dive into Infosys' Technical AnalysTechnical Analysis of Infosys Ltd. (INFY) Overview Infosys has been on a strong uptrend, with the stock price steadily increasing over the past few years. However, the recent price action suggests a potential short-term consolidation or correction. Technical Analysis Let's dive into the technical analysis to understand the potential future movement of INFY: 1. Trend: * Short-term: The stock seems to be in a consolidation phase, with a slight bearish bias. * Long-term: A clear uptrend is evident, indicating a bullish sentiment. 2. Support and Resistance Levels: * Immediate Support: The 1800-1700 INR range appears to be a strong support level. * Immediate Resistance: The 2000 INR level is a crucial resistance level. 3. Indicators: * Moving Averages: The 50-day and 200-day moving averages are currently above the price, indicating a bullish trend. However, a bearish crossover might occur if the price falls below the 50-day MA. * RSI (Relative Strength Index): The RSI is currently above 50, indicating bullish momentum. However, it's not oversold, suggesting that a potential correction might occur. * MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, indicating a bullish trend. However, a bearish crossover might occur if the MACD line crosses below the signal line. Potential Future Movement: Given the current technical indicators and market sentiment, INFY might experience a short-term correction before resuming its uptrend. Possible Scenarios: * Bullish Scenario: A sustained move above the 2000 INR resistance level could trigger a new uptrend, with potential targets around the 2200-2300 INR range. * Bearish Scenario: A breakdown below the 1800-1700 INR support level could lead to a correction, with potential targets around the 1600-1500 INR range. Disclaimer: * Technical analysis is not foolproof and should be used in conjunction with fundamental analysis and market sentiment. * It's important to consider factors like global economic conditions, domestic policies, and industry-specific news while making investment decisions. * Always consult with a financial advisor before making any investment decisions. Note: This analysis is based on the current market conditions and technical indicators. Market conditions can change rapidly, and it's essential to stay updated with the latest news and developments.
NSE:INFYLong
by Stock_market_signals
1
Infosys results bad support and resistance levels on chartDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:INFYShort
by JaiPrakashShuklaHarmonicTrader
INFY: Consolidation near ATHThe stock is consolidating neat ATH where as overall IT sector is on the up-move. This stock is just gathering all power to break and sustain it's ATH. Till now there is no closing above the consolidation but once it is there, this stock has all potential to move up to 2500 levels. DISC: The publication idea is just a technical analysis and should not be considered a buy or sell recommendation. Please consult your financial advisor before taking any trade.
NSE:INFYLong
by trade_opportunities
1
Tomorrow focus on Infosys 1945-1950 possible in 1-2 days Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:INFY
by JaiPrakashShuklaHarmonicTrader
Analysis of INFOSYS LTD (INFY) Chart (4-hour timeframe) Analysis of INFOSYS LTD (INFY) Chart (4-hour timeframe) Price Movement: The stock is currently trading at ₹1,908.70, showing a slight decrease of ₹1.70 (-0.09%). A sharp downward movement can be observed, with a significant drop of ₹75.15 (-3.84%), followed by a recovery attempt of ₹63.00 (3.30%). Recent Drop and Recovery: After a significant drop of ₹75.15, the stock has shown a rebound, rising by ₹63.00. This suggests a potential recovery, but traders should be cautious about the next few candles to confirm the strength of the upward trend. Cumulative Volume Delta (CVD): The CVD indicator below the price chart shows a slight positive value, indicating a mix of buying and selling pressure. The CVD bars reflect increased buying interest, which aligns with the recent recovery in price. Support and Resistance Levels: Support can be identified near ₹1,867, which was the lowest point during the sharp decline. Resistance could be faced around the ₹1,950 - ₹1,970 levels, as the stock previously faced selling pressure in this region. Conclusion: INFOSYS has experienced a significant price fluctuation, with a sharp drop followed by an attempt to recover. The buying pressure seen in the CVD suggests that there is optimism among buyers, but caution is needed to see if the price sustains above key levels like ₹1,920.
NSE:INFYLong
by shivtoshiva2022
Infy testing 2 and half year old resistanceInfy is currently testing a significant resistance level from two and a half years ago, presenting a key opportunity for a potential breakout. The stock is forming a rounding bottom pattern, which could signal a shift from consolidation to a bullish trend if it successfully surpasses this long-standing resistance. Traders should closely monitor the price action around this resistance zone, looking for a strong breakout accompanied by increased volume to confirm the pattern and anticipate a potential move higher. Any failure to break through or signs of weakness around this level may suggest a need for caution.
NSE:INFY
by TradePatternsLikePro