Infy touched it's outer bound and giving goos by signal. I plan to buy it if it goes up tomorrow. If it i sin red tomorrow, we will wait for it to go up by at least 2 days before taking long position.
🎯 The chart says it all. Keeping it simple as always.
🎯 The price has remained within a range for quite some time.
🎯 We're approaching the support zone defended by the 200 WEMA
🎯 It will be interesting to see how the price reacts from that point.
🎯 Also, we await the results for FY 24.
⚠️Disclaimer: We are not registered advisors. The views expressed here are...
Hey Guys,
Today, I would like to share some insights regarding Infosys' recent stock performance. Despite prevailing bearish sentiments since February 6, 2024, Infosys has surprised many community analysts, causing some predictions to falter.
Upon conducting an in-depth analysis, it became apparent that the stock has been undergoing a correction characterized by...
Analysis of INFY suggests a promising buy opportunity following its recent correction phase. After a notable recovery from 1351 to 1733, the stock experienced a corrective ABC wave pattern, consolidating near its support zone. This consolidation, coupled with a 50% retracement of its last swing, indicates a potential completion of the correction phase. With...
Attention dear Traders!
Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor
Trading is like riding a...
Infosys
The IT industry's beautiful script has had corrections of about 14% since its recent peak. This, in my opinion, is an excellent opportunity to invest in this kind of stock.
I've seen that the RSI is oversold relative to its position, and I believe this could be an attempt at a positive retracement (there hasn't been any evidence as of yet). I'm hoping for...
Short term Investment Idea | NSE:INFY | 25% Upside Potential
✅ Buy Level - Rs 1485-1499
✅ SL - Rs 1431
✅ Target - Rs 1734 / Rs 1832
✅ Support on 200 DSMA
✅ Trading at the bottom of the parallel channel
✅ Completed Fibonacci Retracement of 38.2
Look at the chart for more information
Thanks
Thanks
INFY might give a possible up move with a decent stoploss and good Targets for INTRADAY to SWING trade.
ENTRY - 1558
STOPLOSS - 1543
TARGETS - 1600, 1640++
Note - if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my...
Chart setup is favour of short side
Today break 100 Dema
Macd Bearish
RSI indicate Bearish
Technically weak chart
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
Fundamentals of Company
1. Consistent Growth of Company & Increasing Profits Year on Year
2. Great to Fair Valuation
3. Strong Big Players Holding
4.Robust management
5.IT Sector is Outperforming & Flourishing
Technical Factors for Buying
1. Completion of Accumulation & Formation of HH + HLs on Daily & Weekly TF
2. Retest of major breakout completed
3. Bullish...
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
