infyInfy again near important and critical support.
Till sustains above 1365 may expect a bounce.
be strict on SL
SL Close below 1360
INFY trade ideas
Infosys Institutional Zone Infosys is currently on a crazy support, this is not just any support, it is an institutional support where price has run up 17% and 19% in the past in just
1-2 months.
1. Falling volume- as price approached this area, selling pressure weakened out and candles became smaller with larger wicks. Which is a bullish sign
Entry- After it Breaks Away
Stop loss- Below the consolidation
Target- 1617
Keep It Simple
#Infy Analysis Stock is near to its demand zone in weekly TF, watch out level for further BD or reversal.
Great time to long INFYReached support at 1365
Daily Chart:
Bullish Doji formation
Price near lower bollinger band
RSI near 31
Golden Crossover between RSI and SMA 14
INFY- Bullish Harmonic Pattern INFY - Bullish Harmonic Pattern
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
Infy: Chart setup, Risk Reward levels & my trading strategyInfy (1492)
We are looking at weekly candlestick chart
In Dec 2022, I had mentioned the level of 1444 to be of crucial importance. The stock made a low of 1446 and then has seen smart bounce from thereabouts.
Currently the stock is in retracement mode. Important for Infy to hold on to 1480-1460 zone
If withheld then stock can be looked with an upside target potential of 1666 / 1735.
SL 1444
My trading strategy: Bullish Calendar Put spread
Take care and safe trading...!!!
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 formed M Pattern in Parallel Channel from Apr 2022Hi Folks
Please focus on Infosys, it formed M Pattern in Week Chart thru Parallel Channel from Apr 2022...it will decide market direction.
Infosys Have Support Hammer in two Hrs ChartHi Folks
Please focus on Infosys, it formed Support Hammer Candle near Jun & Sep 2022 low.
#INFY - Good short set up in formationKeep in watch list. Stuck in range. Can take short position when day candle closes below 1358
Infy Daily TF - Long TermPotential Bullish Gartley pattern identified.
A Retracement zone of 0.7 was marked from the previous swing for the supply zone.
If the D leg is tested with the fall and the price sustains above supply zone targets are marked with 0.382, 0.5, 0.618 levels of retracement of the CD leg.
INFY - DOUBLE TOP PATTERN Infy forming double top pattern - IF Break closing Basis 1650 than down side target open for 1500-1400-1250-1088.
INFOSYS case studyDemand zone as per previous swing low
Bullish harmonic ABCD pattern formation
RSI at historical support zone..
all indicate one thing,,,,,
#Infosys Supply/ Demand Zone#Infosys
Updated Supply/ Demand Zone
CMP:1420 @14 March 2023
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. I am doing this only to understand how to read charts and technicals. Strictly for educational purposes only.
Cup and Handle PatternA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
Script = Infy
Time Frame = 1 Day
sustain above 1495 then targets 1525 ,1565If sustain above 1495 then targets 1525 ,1565, SL 1455
This Is Only My Observation As Per Trend Lines Drawn Valid Only Above 1495 For Investments, or Trading Please Consult Your Registered Financial Advisor, If Any Suggestions And Corrections Please Let Me Know
Infosys near support zoneInfosys is near crucial support on daily chart. We can take a swing trade here.
Entry
We can go long after close of strong bullish candle near support zone.
Target
We can keep target as the next resistance zone as marked on chart.
Stoploss
We can keep stoploss below the support zone.
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InfyBreakdown seen and is staying below the trend line which is bearish sign.. bulls needs to be cautious waiting for 1430 levels to look for longs
Infosys - Long TermInfosys looking good for long term above 1663 with SL of 1370
SL is based on fibonacci Number
Its showing good strength for Long Term Holding
Coclusion :
Entry - Above 1663
Target -Open
SL - 1370
Pls follow if you like my analysis and do check other charts published
Infy - short term anticipationAnticipating an inverted h&S formation on 15 min time frame in Infy on short term....view invalid below 1480/1460 on 15 min closing basis
Hammer PatternHammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow.
The hammer candlestick occurs when sellers enter the market during a price decline. By the time of market close, buyers absorb selling pressure and push the market price near the opening price.
The close can be above or below the opening price, although the close should be near the open for the real body of the candlestick to remain small.
The lower shadow should be at least two times the height of the real body.
Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
Script = INFY
Time Frame = 15 min
intraday
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
