Infy Result, chart set up and trading strategyInfy
Given the chart set up one may consider selling 1500 Call option around 30 and Buy 1530 Call around 18
Max profit potential Rs 4800 on margin of Rs 32000 approx giving a ROI potential of 15%
0XSE trade ideas
Infy has the potential to reach 2000
The idea is purely based on technical analysis.
After the high made at 1953.90 on 17 Jan '22, it has been in a down trend till now. On 4 Sep '23 the said trend line has been broken and retest is also done from the trend line. So good zone to go long. There is a high possibility of the price breaking the all time high.
Target: 1957
Stop loss below: 1192
#Infy cash : Long term support at 1400-1420#Infy cash -Positional View
02.10.2023
Looks good long term support
at 1400-1420 levels
current price 1435.45
Infy Weaks below 1470Infy seems weak below 1470 as is is trading around its 20 EMA line on daily time frame,if it opens 1480~ 1475 and breaks 1470 , more weakness can be seen.
INFOSYS GET READY FOR BIGGER MOVE INFY may fall further on breaking this support line for the target of 1300 in coming days
INFY. Will it break 52 week low?Likely to fill the gap if the trendline doesn't hold
For observation only
Infosys On Bullish trend. Reversal from lows strengthened📆 NSE:INFY Recommendation on NSE:INFY for the week starting 4th September 2023
📊 Current Status:
Closing Price: ₹1443.85 📈
52-Week Range: High of ₹1672.60 🏔️
P/E Ratio: 24.27 📊
Position: Mid-range of 52-week high and low 🎯
📈 Technical Analysis:
1️⃣ Parabolic SAR: Recent buy signal 👍
2️⃣ Fibonacci Levels: Trending up past 0.618 📈
3️⃣ MACD: Positive divergence 📈
4️⃣ Stochastics & RSI: Upwards but reaching the upper band (K at 100.00) 📊
5️⃣ %R and Fisher: On the upside (Fisher at 3.38) 📈
🎯 Recommendations:
Entry Point: Anytime on 4th September 2023 around 11:00-11:30 AM, if sentiment is positive 🕚
Target 1: ₹1457.35 🎯
Target 2: ₹1498.15 if Target 1 is sustained 🎯
Stop Loss: ₹1401.9 🚫
🔎 Rationale:
NSE:INFY is a valuable buy for investors with a medium-term horizon. The stock is supported by several bullish technical indicators and is situated at the mid-point of its 52-week range.
📣 Disclosure & Disclaimer:
This recommendation is for informational purposes only and not financial advice. Kindly consult your financial advisor before making any investment decisions.
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Long INFYTrend is up. Super trend indicator is coinciding with 20SMA and they can act as a support in case of a small retracement. In case price bases or takes support at the mentioned levels, can look to plan a long trade, keeping a close below as SL.
INFOSYS FORMING COMPLEX CUP AND HANDLEThe stock is forming complex cup and handle pattern and can touch the 1640 mark soon
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.
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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INFY BULLISHinfy closing 1501.10.
BUYING REASON.
1. Price Breakout Cup.
2. Trendline Breakout.
3. RSI is at 73.32.
4. RSI weekly above 60 current 61.72.
5. ADX shows a upperside and +DMI is rising.
6. Volume is bullish.
INFY | 11% target | Micro SwingInfosys Ltd provides consulting, technology, outsourcing and next-generation digital services to enable clients to execute strategies for their digital transformation. It is the 2nd largest Information Technology company in India behind TCS.
INFY | High probable and relatively a safe stock to take for 30%INFY | High probable and relatively a safe stock to take for 30% move
CMP : 1469
SL : 1350
Target : 2000
Almost 1:4 risk reward setup
INFY - Weekly AnalysisIn the Weekly Chart of INFY ,
we can see that, it has shown a slow and very strong recovery.
Last 4 weeks has been Bullish.
Next week can be a halt or retest candle.
Expected momentum is shown in chart.
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
INFY getting ready for the next levels againNSE:INFY is again getting ready for 1370 levels if it breaks 1350 decisively. Can take some weeks or a month but I don’t see it touching sub 1300 levels.
infy uptrend in correctiona correction was completed and a bounce back is taking place.
we may enter or wait and watch the wave formation.
NSE:INFY zic_zac wave has completed. we need to check whether it has over or correction may continue.
Infosys trendline patternInfosys seems to be following the trendline pattern, ideally it should be bullish from here
