Infosys 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
Fed interest rate hike and inflation continuous to create bearish sentient in market. However, this establishes a good opportunity to enter a long trade that corresponds to a small pullback.
Long entry and exit according to the levels posted on the chart.
Target 1:2
Nifty is approaching good demand levels. Below 17000 can grab liquidity and create good short term upward momentum to specified levels. The demand zone also coincides with Fibonacci Levels.
NAM India forming Lower Highs and Lower Lows ( Downtrend in weely TF).
The upcoming lower lows coincide with weekly demand zone which gives a good opportunity for institutions to use sell order to open long position ( use the liquidity). The levels are posted on chart, use volume and day end candle for further conviction as price reaches the demand area.
The analysis is based on simple institution manipulation. After the merger of HDFC and HDFC Bank, retailer participation increased two folds which acts as an opportunity for institution to fill their orders.
