INFOSYS: IntradayPrice action analysis for Intraday Trading.
Price is consolidating in a parallel channel for quite a few days. From the lower side either there can be support or a fresh breakdown could give a good move.
IOY trade ideas
INFY5.10.2021
1692.8
Price bouncing from 50 EMA and also the support level
Last 5 days average volume is more than average volume of last 20 days
SL can be 1655 and target 1788
RR is more than 2
Infy Views are for educational purpose only. Please consult your financial advisor before taking any trade.
Good for long term !! (Uptrend)Clearly infy now is in a correction to go according through the trendline
Indicators like MACD still shows a sell signal
volume is not suffienient enough currently seen to see a burst.
It may touch the trendline at somewhere around 1662 and see again a journey upside again.
Rsi indicator is currently 45 which may go upto or below 30, once touched the low levels fill your baskets as
LONG TERM trend is pure UPTREND.
Currently we say a rickshaw man doji at 27-sep-2021, since then we are seeing a bearish trend recently but wait for trend reversal at short term again !
INFOSYS <TA> analysis price ACTIONTGT for up >>1.>1678 / intraday tgt
>>2.>1719 / intraday tgt
>>3.>1745 / go for swing
>>4.>1788 /swing
PROBABILITY ARE LESS TO BREAK ITS SUPPORT AND GO DOWNTREND
TGT for down
..1> 1643 /if break his current support / go for intraday
..2> 1611 / can be achive in intrraday if this break go for swingg
..3>1593 / swing
..4> 1533 / swing
Short term Swing trading opportunity in InfyShort term Swing trading opportunity in Infy
Reasons/Traits :
• Bearish Butterfly pattern formation yet to form
• Dark Cloud Cover candle formation seen today
• Symmetrical Wedge pattern formation is seen – Break out or Break down can happen in this formation for an intraday/short term swing trade
• Price is under 20 SMA with decreasing volume
What can happen next :
Scenario 1 : Uptrend can continue to complete Harmonic pattern and reach 1.27/1.618 levels ( 1735/1755/1780/1800/1815) post break out of the wedge pattern
Scenario 2 : Downtrend post break down of wedge pattern to reach 1675/1660/1650/1620 levels or till 50 SMA is touched and can take support there
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
infosisEMA 65 providing a major support points are market , chances of 65 to be continued as a sopport in day time frame. fffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
Infosys 4hrcurrently just puched back from its support.
can say that its has corrected it self with more than 7% from last 2 days
but last green candle can change momentum.
Infosys - the flag bearer - follow the patternDISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
VIEW :-
POSITIVE ... LET THERE BE ANOTHER FLAG
BUY INFY - BULLISHBuy INFY at CMP Expecting a good upmove
Trade Setup WIT Execution at 125min
Target Mentioned on chart
1674 & 1645 are 2 most Important Levels!1674 & 1645 are 2 most Important Levels. Below 1645, expect 75-100 points fall. However, I think INFY bottomed out and should rise from current levels for 1800+ levels. Let's see!
Infy Buy 1695 SL 1673 T1 1707 T2 1719Please use trendlines for resistance and support. Do your analysis before taking any trade.
Infy: Chart set up and trading strategyInfy
- Come October we have the result season in front of us
Looking at the chart set up now:
- The stock has fallen from 1760 odd for the 2nd time and establishes the importance of the zone as possible resistance zone
- on the lower side 1595 zone acted as resistance earlier and has a possibility of acting as support zone
Given the set up, Strategy that may be considered
Short Strangle
Sell 1820 Call option currently around 26
Sell 1580 Put option currently around 26
Max profit potential Rs 31200/- per strategy lot (Yield potential 17% approximately till 28 October 2021)
Inbuilt loss protection for a
- rise up to 1872 on the upside &
- fall in price up to 1528 on the lower side
Take care & 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
Infy Buy 1717 SL 1695 T1 1733 T2 1750Please use trendlines for resistance and support. Do your analysis before taking any trade.
#Shortterm @Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
[Positional] Infy Short IdeaBetting that it will come to that point and bounce back. So lets short when it comes down. As expiry is near, ATM CE short will be a better bet.
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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INFY CONTINUOUSLY POLE N FLAG PATTERN BREAKOUT WITH NICE VOLUMEAs u see on chart Pole n Flag Pattern BO happened and sustained very well 2rd time now with nice volume
HIGH PROBABILITY SWING TRADE OPPORTUNITY
BUY AROUND 1750 WITH SL 1650 FOR TGT 1950+
Facing Strong selling pressure INFY is facing strong selling pressure at higher levels after a gap up opening if it breaks the support level then it will be difficult for infy to go up so keep eyes on INFY for any movement.
Disclaimer:- This for educational purposes only do your own analysis before investing hard-earned money.
