Infy--ConsolidationINFY again consolidating, check the previous result for consolidation in the same chart.
0XSE trade ideas
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
Infosys target achieved!! 4.5% gain!The stock was given on 14th July and it hit the target today! For reference, I have attached the idea below. HIT the like button if you liked my analysis and do follow for regular swing trading ideas.
Happy Trading :)
INFY Channel BreakoutI have made a channel pattern for infy over a month and now INFY has made upper breakout
Entry above 1630 after checking momentum
If momentum is absent expect potential retrace for few days and then bounce back , Book entry anywhere between 1600 - 1630 on retracement
Target = 1700 & above (Target is Discretionary based on momentum hold for next few days)
INFOSYS | SIMPLE TRADE SETUP FOR 02-08-2021NSE:INFY
Simple Trade setup for INFY for 02-08-2021.
Chart and levels are simple to trade intraday on 02-08-2021.
Do comment if you have any doubt or suggestion.
