I usually prefer a 3-hour time frame chart to understand the longer trend of the stock. IT stocks have had a stellar rally since the March lows and it seems to me that the bulls are finally getting tired before they get active all over again. Infosys the beast is showing some serious negative divergences on a 3-hour time frame. Additionally, the dollar index...
infosys near daily breakout and MACD lien is positive
This analysis is purely based on price action and Chart Patterns. The analysis is on 60min TF hence target can be achieved in a couple of days. Traders can extract benefit from this analysis in their Intraday trades as well Trade strategy is explained in image itself. Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly...
NSE:INFY Infosys has in a very time frame made three attempts to break the resistance line. With all IT stocks up and higher volumes likely to break out in short term. Buy above 1150 for a 100 points move.
It may directly raise towards 1160 level , buylimit @1079 would be a better bid with s/l 1057 Good trading Noufal Mandalil
Hi Everyone, We are witnessing a great period in the world especially the devastating effects due to new coronavirus waves across western countries, especially in Europe, Francy, Italy, the UK, and the US. There are recent national wide lockdown announcements in both France & UK. We are also expecting a lockdown in the US if Biden wins the election. Having...
After a steep rise which I would consider it as Wave 3, the stock is now in Wave 4 correction which would take stock to the lower levels of 985-970 where buying should come and then again a new high can be seen for Wave 5 targets.
MACD ABOUT TO GIVE BULLISH CROSSOVER RSI BOUNCED BACK FROM 60 LEVELS. BUY IF SUSTAIN ABOVE : 930 TARGET : 980 STOP LOSS : 900 **These are my personal observations. Please trade at your own risk.*
Folks, this is my first attempt at charting with Harmonic Patterns. What I see here is a BULLISH CRAB where the CD is in process and the expected target is between 990 - 1000. I would like to call out the experts in this field of charting to advice me if my charting is accurate or if there is anything more that I should have considered.
Good morning all, Of course, Infosys is a Good Investment stock for the long term but you also must know when to book the profit and when you can make a new entry to get the max profit. Harmonic PRZ in the weekly time frame and there are 80% chances to give the correction from this point. Investors and swing traders can book the profit at this point and can make...
Infy still looking bullish and willing to cross 1k...
Short INFY If Breaks 775.5, Target 1: 770, Target2: 765 SL 781
The reasons why I choose this trade. 1. Cup & handle formation 2. 50 EMA, 14 EMA & Pivot breakout together 3. Shorterm trend break 4. On daily chart it is ascending triangle. All above is happening at multiple day support which is at 697. So 697 is very crucial at this time. Once it break, higher upside is possible.
Buy Infosys at cmp and wait for target with the stoploss... risk reward ration is 1:1.71.. We are not SEBI registered...
Goodluck Capital Recommendation Buy Infosys Ltd (NSE: INFOSYS) Buy Range - 685-710 Target - 800-810 Potential Return^ 15-16% Once 1st target hit, reset StopLoss at 760 ^ Potential returns are calculated based on the median of buy range.
INFY - GO SHORT @ 735 WITH A SL OF 760 AND A TARGET OF 600. TARGET SHOULD BE ACHIEVED BY END OF JULY