RSI Divergence+ve Divergence in Infosys chart as you can see Higher low in RSI but Price is still at same level
IOY trade ideas
BreakDown🔴 High volume sell candle near the supply zone of 1925-1953
🔴 Daily TF TrendReversal system indicates a change of trend
🔴 Hedged short can be initiated below crucial support of 1824
🔴 Even on rise would like to short around 1885. SL 1925 DCB
Infosys - Possible Reversal Coming ? Below are my Observation
1. Harmonic Pattern - 161% correction
2. Good Volume Delivery for 20 day average
Target & SL is as shown on the chart
INFY on Descending TriangleIn Hour 4 Time Frame INFY formed and broke Descending Triangle. Risk Reward is 1:1.4 which is great and next support is at 1440 it's also good note to go smoothly.
Inverted Cup And HandleInverted CupAnd Handle Formation:
Bearish Pattern on 1D Chart,
CMP:1536
Target: 1478/1407/1233
SL 1586
INFYInfy on a daily timeframe showing reversal. It has seen taking support from the ascending trend line.
If it sustains above 1600, we can see more short covering and uptrend in price. The idea will become invalid if sustains below 1550 levels.
Please note I’m not a sebi registered analyst.
Please analyse your self before investing.
INFY - On The EdgeTesting final support of 1550 again & again
Currently in downtrend & triangle pattern
Seems like bear are weakening
But strength is only above 1590
Below 1550 stock has huge downside potential
Above 1590 can test 1850 again
Infosys : Long opportunityInfosys is facing heavy selling laely, and is approaching good accumulation level. The idea is to target a minimum of 10 percent in the given trade setup.
Divide the entry into two legs. The first entry should have half the units you plan to buy at entry 2.
Levels posted on chart
INFOSYS - FALLING KNIFECertainly a great fundamental company, but not the right time for entry for long, well the stock has comfortably started trading below 1650-1600 levels, which was a breakdown level and started to trade below that indicating further downside. Moreover, a structure of a FALLING KNIFE is clearly visible on the charts. Targets are positional.
DISCLAIMER - I AM NOT AN FINANCIAL ADVISOR, ITS JUST AN VIEW AND NOT AN ADVISE.
Positive Rsi DivergencePositive Rsi Divergence Positive Rsi Divergence Positive Rsi Divergence Positive Rsi Divergence
INFOSYS Expecting some bull baCK rally in #INFOSYS till 1620 to 1640 levels ( #Sell_on_RISE). Fresh buy for Long term can deploy first 30% now.
Though i'm in bearish trend but expecting some pull back in NIFTY which move towards minimum 17130 to max 17473 to 17653 levels, then huge fall ( #SELL_ON_RISE market).
Thank you for Following.
INFY Double TOPit has formed double top on weekly chart and broken neckline downside.
1400 looks on the cards. which also matches with Fib retracement of 38.2%.
INFY long scalpFierce fall, giant company. Expecting it to bounce to fill all the 'inefficiency'
Tight stop of 2.3% with 5RR+ reward
GL/
Infy Great Buying OpportunityInfy corrected well after long times
Made Bullish candle on support with huge volume
Entry Above 1650
SL 1590
TG 1700, 1750, 1800 , 1950 , 2000
Things are not looking good for INFY!#INFY has broken down TL support on Monthly Time Frame. Confirmation by Month End.
Next major support: 1540-1545
Best buy zone: 1320-1415 (if BD is confirmed)
wedge pattern breakdown with huge gap IT sector under pressure
Infosys looking attractive by the price but don't go for long or positional until the price come in the wedge pattern
Infosys trades below 200 EMA, which is also a weak sign for a sound fundamental stock.
the chart looks like, it is the start phase of the downside.
I WILL UPDATE AGAIN WHEN INFOSYS LOOKS FORWARD TO BULLISH.
Infosys - Short oppInfy historically did not give much return to shorters post results even it missed the earning estimates. Post results it moved up or sideways and did not leave good RR for shorters. This time results are out on 04/13. Price is already trading below 21 MA, if short now target should be 1700.
Release Date
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NIFTY 50 and INFY LIVE MARKET ANALASYS & INFY Welcome to TCT TRADERS CRAFT TECH, #10thirtyprofit
please watch understand & work on my idea & learn a lot
