Today Infy broke high of two red endulf candles which indicates bullishness in chart
its taking support (0.5) retracement level 1980 rs above breakout and need for retracement , trend based target 1 is 2327 rs ,and target 2 is 2648 target 3 is 3525rs
Indy Monthly chart trendline breakout First Target 1654 & Second Target 1886. Anyone can will be also hold for long term.
www.tradingview.com INFOSYS (NSE: INFY) : It seems currently in a range bound of 1520-1570. Until it is not breaking 1520 at lower level, it is not going to fill the historical gaps lefts below. For higher side, it need to break 1570 to test its 52w high at 1619. The next target at higher side will be last swing high at 1660 approx.
INFOSYS is a top it services company in the world with consistent profits and has been a multibagger for many. It is currently 31% down from lifetime high which makes it a good bet in the short term. If has broken all its previous lifetime highs in the past to make a new lifetime high and this time also it will maintain its track record. It is a 44% gain to lifetime high.
Police pattern created in Infosys. We can expect 5% movement in coming days.
Observations:: -------->> the stock is trending downwards in daily time frame. --------->> created a demand zone @1230 range. ---------->> now the stock price is trading @ 1280 level, facing resistance several times, if price gives break above this levels we will observe a strong momentum towards upside is possible. if again falls from this place we will buy @ 1230 range.
We have seen about a 40% fall from its all-time high in Infosys Ltd. Currently Stock is trading at .50 Fibonacci support i.e. 1230, which is coincided with a price action support at 1250. Hence we have a support band from 1230-1250. Stock can be a very good value buy at the current level for long-term investment purposes.
Price has reated to a Demand in Higher Timeframes, after reacting Price has violated a Daily Supply confirming an UpMove, post violating the Daily Supply Price has formed a Daily Demand and has reacted to it, Was a perfect buy for yesterday, expecting Price to reach the Resistance formed in the opposite @ 1355.00, therefore a total of 6.5% from CMP till the TGT...
Range bound. wait for the trigger on upper or lower side.
NSE:INFY is continue trading above support of 1501. My idea is to take entry at 1501 with stop loss of 1480 (-21 Points Risk). My expected upside target will be 1534 (+33 Points) & 1555 (+54 Points). Note: This is my personal analysis, only for learning. Thanks.
My view on NSE:INFY As per my view Infosys can retest level of 1401, then make more correction till level of 1233, which is very strong support level and best to enter for long. Note: This is my personal analysis, only for learning.
Infosys Futures Key Trading level 27th June 2022 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor...
Infy open lower directly below the support line of 1477.55 1345 to 1380 will be support area On 4H the price is reacting and resisting from 20 Ema
It looks good from an investment perspective. Prices near Weekly chart support might hold for a while. Rsi at 40 Almost 18% down from recent highs
Buy Infosys Target 🎯 2000 because it's recently given major breakout.
INFY is also looking good long term. I would enter if it takes retest and then go.
Infosys broke out of Bullish Flag Pennant. Buy with sloss of 1715 with sloss of 1800.