Infy - Elliott wave analysis - impulse 5th upIt looks like about to finish the 3rd of 5th wave and will correct in 4th subwave. The sidways three wave correction can be buy for final move higher as 5th of 5th wave.
INFY trade ideas
only for long term idea 1540 is good level and 1475 is very very good level for investment
Major trend is weak not having good momentum RSI is also weak
Tip - investment player should only buy on Dip
2 - YOU can sell 1480 PE every month if market not fall
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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NIFTY - Top stock Infy @ Important LevelInfy @ important Level After a Range for more then month and at the same time Nifty also.
POSITIONAL LONG VIEW IN #INFOSYS LTD BO RE - TETS CMP 1383POSITIONAL LONG VIEW IN #INFOSYS LTD BO RE - TETS CMP 1383
INFOSYS LTD LOOKING GOOD CMP SPOT 1383
STOP LOSS 1350 ON CLBS
GOOD UP SIDE POSSIBLE IN COMMING DAYS
VIEW1539.40 is the level INFY can fall some points below this. Buy 1540 PE for good RR keep SL @8. Keep target at least 1530 for today and 1517 for positional.
$INFY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $INFY after a Negative Under reaction following its earnings release placing the stock in drift D
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Infosys ltdInfosys is looking for pull back level 1500, one can go short with key levels.
All the key levels are mentioned in chart with Stop-loss and Targets
Key Levels
Macd in daily
Macd in hourly
Rsi in hourly
DMI ADX
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Infy - Elliott wave analysis - 5th wave - triangle breakoutIt will start the 5th wave after triangle breakout as 4th wave above and will go above 1610 level.
INFY - D :: POTENTIALLY RISK (OPERATE REMOTELY)According to a survey that the company conducted with interbrand, data breaches could potentially risk up to 223 billion in value of the worlds top 100 brands. Further, that risk has presumabley only increased because of the Covid-19 pandemic forcing employees of major corporations to operate remotely.
Infy - Elliott wave analysis - 5th wave It is in 4th wave correction within 5th wave impulse and will go for new high after completing it.
Infosys looking bullishStock is in a good uptrend- expected to touch 1700 levels by end of the year.
Strong support at 200 days MA 1390
Stock is following good support at trendline from covid level lows to all subsequent lows till date.
RSI is slightly overbought.
INFY <> Correction before a healthy move to 1574RSI : Over bought
Volatility : Going down.
Infy is probably loosing momentum and should test support in the range of 1400 - 1450 for a healthy upward moment of 1574 - 1620.
If it goes up further, it can move till 1574 and then test 1500 as a support level.
Infy: Ready to rollThe momentum picking up.
IT sector tailwinds are good to take it higher.
Core PF bet
