A datailed recovery wave analysis on INFOSYS shows that, all the goods are digested by the market Now more shorts(1500CE) are developing and low volume with rise in price is a trap for retailers Its over one year to take some profits on hand by the smart investers. Don't you understand what's the hell is gonna happen?
market is running over and over pick level. thats why market not gonna be correction more then last low.
I really like the techniclas of NSE:INFY , it has done three breakouts with good volumen and it stayed strong during the market correction. The price is above its key MAs, is in the list of 52-week highs in Barchart and is ranked 4th in its industry by Investors Business Daily with a relative strengh rating of 81. I mean is almost too perfect to be true so, I...
Infy Short for short term till 1200 from 1351-54 range. Wave counts are given
#INFY is set for all time high with Double Bottom Breakout and Bullish Signal on MACD on the daily chart. On fundamental side, the IT major has just won a $500 million all-digital deal from Google.
INFOSYS LTD Triangle Breakout possible Double bottom formation Targets in Green
NSE:INFY Bullish Above RESISTNCE ZONE SL 1260SL 1260 Target-1: 1350 Target-2: 1380
1267.60 is the level below it short for at least 15 points. If you have missed you can average it at 1267.60 if comes for a retest. keep SL as per your target like if capturing 15 points profit keep SL of at least 15 points.
The analysis is done purely based on chart patterns and price action. The analysis is done on 15 min TF, but the target as shown in charts can take couple of days upto weeks. As can be seen from NITFY IT chart as well as from charts of stocks linked below, price went for retracement phase, made a low on 21st December 2020 and then gave breakout from trendline....
Stock breaking down word trendline on hourly chart. To limit the risk one can go for bull spread.
See how nicely Harmonics and EW waves work togther. We can find high probable setups with these tools. Right now Wave 4 is in progress and i am expecting one impulse leg further to complete the strcuture. We need to see how the waves are emerging and then attempt to count them using corrective waves pattern.
BUY AFTER CROSS 1345 T1 TARGET 1362 T2 TARGET 1383 SL STOP LOSS 1315
Right now the question is where is wave 3 top I have just show WAVE 4 as a ref only not per FIB levels. However Wave 3 top and harmonic pattern confluence lead me to belive wave 3 top is somehwere between 1400 to 1450
BUY if the price sustains above 1265.50. target 1 1275 rest trail the SL. 1265.50 is a good support