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
IOY trade ideas
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.
infosys in big pictureW pattern formation in infy
good price action
major resistance about to break
volumes are greater(daily)
target upto 2000
Gap filling possibleThe stock has made a double bottom pattern and given a strong closing today. Buy above 1650 level for both intraday and swing.
Intraday target 1660, 1665.
Positional first target 1725. Carry only on day closing above trigger basis.
Learn & Earn,
Dr . Tanya Kumar
INFOSYS TRADE/ INVESTMENTInvestment kind of chart made in Infosys, double bottom along with trend break out for our final target 1919
INFOSYS LtdWe expect INFY to reach price of 1725 - 1730 in Near Term. We support our analysis with multiple Fundamental as well as Technical confirmations.
1) Fibboncci Retracements
- the company has been consolidating between 23.60% and 38.20% which makes it a strong support for the stock. Hence we can expect an upmove towards 50% and then 61.80%.
2) Head & Shoulders
-an Head and Shoulders Pattern has been seen in the stock chart from past 4 months data, which suggest after the break of the neckline the stock will show an upmove.
3) Ascending Triangle
- an ascending triangle pattern is forming in the stock as the price is approaching the resistance.
And last and important analysis is the Gap made by the stock on 18th April 2022, which will eventually have to be filled.
Watch Infosys as it is in a crucial level of 1400if it breaks 1400 and sustain 3 or days below it can goes down towards 1000-1200. o alternatively if it cross and sustain above 1400 then it run towards 1500-1700.
Long Infosys - Crossed 200 EMA - Price ActionBreakout at 200 EMA on daily time frame. Price action by strong bullish candle at 15 min timeframe. RR: 1.4
INFYBullish view in INFY.
Entry-cmp-1587
SL- 1568
Target-1795(13%+ return)
Time- Short to Mid term
RR-1:10.5 (worth taking risk)
Trade with your own risk.
INFY this weekInfosys fall from resistance level, according to me it will be bullish from the very first support line i draw and go for a bullish run.it also make a bulish trend highs and lows ..i forgot to draw..i know you will caught it .....for this week this stock is bearish....so try to got short opportunities while trading & plss suggest me in comments which stocks analysis you want ......
INFY BUYING ZONE ACTIVATED FOR SWING / SHORT TERM Buy Infy
Purely technical analysis and price action
Stock is making higher highs and higher lows . Gave a trendline breakout and having decent volume buying . Stock sustained above 200 Daily moving average and heading upwards . These parameters giving little conviction to go long for short term swing .
INFOSYS case studyINFOSYS AT 1590 levels is around strong supply zone,
Descending parallel channel resistance around 1610 levels
Horizontal resistance around 1602 to 1630 as per previous swing high levels,
Bearish divergence on RSI with respect to price,
Bearish wolf wave formation, where price are trading above the structure formation which indicate overbought situation ,
counter might face strong resistance in zone of 1600-1630 levels ,
which should be used to exit long position if any,
now fresh investment in this counter above 1670 levels on daily closing basis
Down side counter can give retracement till levels of 1500-1480 once reversal is confirmed.
Time to be cautious in this counter.
Infosys Analysis Based on angle trend infy will move 1900+ once breakout 1950 it will be move till 2300 - time period approx. 180days +++
good stock - buy on DIP
Note:
risk rewards and everything left to investor, whether, why & when to invest; I am sharing on my self interest for educational purpose -
INFYAlways follow Risk and Position Management❇️❇️
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Happy trading
Infy Short term Long 15 daysInfy long if brake yellow cloud in day close Target 1623 - Nov 22 expiry
if brake 1623 on close, make a new high towards 52-week high for year 22 earnings result
[1H] INFY on Step Down for SometimeSMA acts as Resistance area which confirms Trendline.
Strong Support at 1475
Infy can rise upto all time high !!Infy can rise sharply
Positive setup
expecting rise till 1900
if cross and close above 1625-1635
NIFTYIT index keep on radar
