INFY trade ideas
InfyHas broken the uptrend line today and is negative expecting the gaps to be closed as indicated lets see if it does then will be good place to go long
LONG ON INFOSYSIT IS A INTRADAY TRADE
The stock is at important level which act as a support
it can futhere went up to 1620
SHORT INFY INFY has given a BEARISH ENGULFING Pattern at the Volume Exhaustion Levels and It is looking for SELL SIGNAL for bigger targets.
TWT_SUPER_POINTS has captured this Point of Fall
INFOSYS
NSE:INFY
Chart Pattern Identified : BEARISH WOLFE WAVE
In its bearish version , the highs and lows are increasing and herald a downward reversal of an uptrend.
1) A significant maximum is formed, preferably an absolute maximum ( point 1 )
2) The price falls and forms a minimum ( point 2 )
3) The price rises and forms a subsequent maximum higher than point 1 ( point 3 )
4 ) The price falls and forms a subsequent low higher than point 2 ( point 4 ). Trendlines constructed by joining points 1-3 and points 2-4 must converge.
5) Point 5 is the maximum following point 3 and must cross the trendline joining points 1-3. This means that a "false breakout" from the pattern must form.
This point determines the completion of the pattern and the OPENING OF A BEAREST POSITION because according to the pattern, a new wave should form from this point and extend beyond the pattern.
PRICE and TIME TARGET
Following Wolfe's principle, we can set our PRICE TARGET at the point where the trendline extension passing through points 1-4 will intersect the price line . INTERMEDIATE TARGET is also set by placing it at the price level of point 4 , then we can also try to extend the final TARGET.
A valuable indication of the Wolfe pattern is tempo.
In fact, by extending the trendlines of the figure up to their intersection, a time target is identified, i.e. a hypothesis on the period of time necessary for the prices to meet the trendline that identifies the target price (ETA=Estimated Time Arrival ).
If once you get close to the ETA point, the price hasn't reached the target, you should consider exiting the trade.
STOP LOSS
The stop loss should be positioned above the maximum of point 5, perhaps slightly higher.
Infosys taken support !!Infosys took the support of Trendline and Support line.
Soon will going to see an upwards movement in INFY.
The target price will be near to 2nd Resistance = 1750.
Infy - ShortExpecting a reversal movement across all the IT stocks. There is even the possibility of a gap fill before the crash. But still, a crash is of higher probability in the coming weeks.
Bullish Strong on 1 week And 3 months.
. High volume than 21 days average.
. Above 200 moving days EMD.
. Near 20% to 52 week high or all time high.
. Outperform nifty.
. Open interest needs to buildup in last 3 months data.
. W pattern
INFY available at good price, khareedo bindaas 1258-1308INFY is down by 30% from its high made in Jan'22, and now available at good risk reward ratio. Its near good support zone and entry in the price range with 30-40% plan qty near 1258-1308 (which was price May'21) looks good. In my opinion if any fundamentally strong company is available at good risk reward zone then we should plan an entry but with risk management in place. Only problem right now is RSI which during May'21 was in the range of 60-70 which is now at 37. Thats the reason I am asking to enter only with 30-40% plan qty and more once price close above 1476.
Enjoy
INFYINFY
Following aggressive Pitchfork.
Use them for future support and resistance.
REMAIN BULLISH till within the Pithfork
GOLDEN CROSSOVER INFYWatchout for Golden crossover in INFY above Red Resistance zone it will become highly bullish.
Trade as per your setup.
INFOSYS DAILY TFINFY if sustains above the green TL we can soon expect
1632.
22nd August 2022 gap has been filled today.
Volume is good.
SL 1507-1510.
A closing above 1632 can give a move up to1730 and above.
Bullish Strong stock:-
. Strong on 1 week And 3 months.
. High volume than 21 days average.
. Above 200 moving days EMD.
. Near 20% to 52 week high or all time high.
. Outperform nifty.
Infosys IT ka Boss... Bhang ne liye taiyar....If you are intereated good buy to INFY in IT sector....Just wait and watch To the levelssss.......
Infy - Classic "W" pattern - RR 2% vs 6% &16%Also this recommendation/presentation and all future ones are & will be only for learning purpose.
Please consult your financial advisor before investing.
Thank you.
INFY - for study INFY is following the trend.
this is for study purposes only....
choose at your own risk
- not SEBI registered
Infosys (Infy): Positional view on this IT giantFrom among the IT Pack, Infy is the one I'd love to keep a watch on.
From the high to a 30% correction, the stock is slowly inching its way up.
Forming a double bottom pattern, the current price is hovering near the neckline.
Positive with initial targets of 1750, 1900 and 1950. Above 1950, we can expect good move upwards.
The stock has strong support at around 1400 - 1350 levels, having pulled back up from those levels.
As always, keep a SL at 5-8%.
Note: Not a buy/sell recommendation. Do consult your investment advisor and due diligence.
INFY Gap filling ?I would be bullish on INFY above 1650 as big gap filling may come. It would be fast covering so take positions with accurate risk management.
buliish infy can genearte 20 percent hello everyone
here we are going to understand infy .we are having bullish shark pattern large one
breakout and retest of inverted head and shoulder pattern with a large bullish candle first target is 1680 and the second target is 1900
INFYOn the verge of W Pattern BreakOut
Closing above 1620 will be W BREAKOUT for 1900.
OverHead Resistance Zone - 1655_1690
Support Zone - 1560_1570
INFY - double bottom INFY has formed double bottom,
Buy above 1637.. Targets with green line
Intraday - trail SL.
Disclaimer: I'm not SEBI registered, contact your financial advisor before any investment
INFY - Ichimoku Bullish 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 1636
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Infosys BreakoutInfosys forms the W pattern and also the trendline breakout. it will be a good buy at CMP or we can wait to fill the gap Targets are marked on the chart.
