INFY trade ideas
INFY S/R for 6/1/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
INFY :Programming for Rise Up🚀 Infosys Ltd.? 📈
Technical Analysis
Wave Count : The chart identifies five waves labeled 1 through 5 . Current price action suggests the completion of Wave 4 and the beginning of Wave 5 .
Wave 1 : Starts from the bottom left and peaks around November 11.
Wave 2 : Corrective wave ending around November 18.
Wave 3 : Strong upward wave peaking around December 16.
Wave 4 : Corrective wave in progress, retracement zone: ₹1899-₹1940 .
Wave 5 : Projected upward move towards the target zone: ₹2018-₹2032 .
Corrective Waves : The intermediary correction ( Wave C ) is expected to complete within the highlighted yellow zone .
Target Zone : The target zone for Wave 5 is ₹2018-₹2032 .
Stop Loss : Place at ₹1890 based on Wave 4's failure.
Volume : Volume at 2.3M (bottom right of the chart).
Trading Plan
Entry Point : Enter long as Wave 4 completes and Wave 5 begins, ideally near the Wave C completion zone .
Target : Aim for ₹2018-₹2032 .
Stop Loss : Place a stop loss at ₹1890 to manage risk.
Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Trading stocks, options, and other financial instruments involves risk and may not be suitable for all investors. Always conduct your research and consult with a licensed financial advisor before making investment decisions.
#Infosys #TechnicalAnalysis #TradingPlan #StockMarket #Investment #ElliottWave
Chart of the week. INFOSYS Somewhere in March 22 Infy made a double top kind of a formation and gave a huge breakdown. I gave a sell call around 1560 for the target of 1300. All my targets were hit. Now after 3 years consolidation, Infy again gave a breakout above its all time high of 1938. The more interesting part is it took 4 months resistance at this leave and gave breakout last week which is giving me a very good and confident feeling about this trade. Technically, it has made a rounding bottom pattern with a very good consolidation so its a no go trade for me.
Fundamentally, its one of the best IT companies of India and famous worldwide so any investor can take this trade without fear and sleep in the night without thinking about the SL. I just gave a basic targets but in long run investors can make a fortune with this company and trade. I am recommending this stock to buy since 1300 so people who took that trade are in good profits already. Nevertheless a new entry at this point is good as this stock is ready to trade in blue sky.
CMP - 1999 (14/12/24)
T - 2400, 3200 W
INFOSYS LTD S/R for 16/12/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Amazing breakout on Weekly Timeframe - INFYCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
Checkout an amazing breakout happened in the stock in Weekly timeframe.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
Infosys is building up positive information for investorsInfosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. Infosys is one of the top Indian companies and an Indian global MNC.
Infosys Ltd. CMP is 1879.80. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, FII / FPI or Institutions increasing their shareholding and Company able to generate Net Cash - Improving Net Cash Flow. The Negative aspects of the company are high Valuation (P.E. = 29).
Entry can be taken after closing above 1880 Targets in the stock will be 1943. The long-term target in the stock will be 1993. Stop loss in the stock should be maintained at Closing below 1732 or 1719 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
INFOSYS--Liquidity@1720This stock is facing resistance multiple times from the zone 1990-1975 zone
we have a lot of liquidity lies below at 1720 zone, previous level of support.
If price unable to break upside price will clears the liquidity below levels.
Look for Short oppurtunities in this stock.
If we look at daily time frame price is also trading near its trendline.
wait for the price to break and retest for short side continuation.
INFOSYS LTD S/R for 25/11/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Infosys Ltd view for Intraday 14th Nov #INFY Infosys Ltd view for Intraday 14th Nov #INFY
Resistance 1885. Watching above 1888 for upside movement...
Support area 1850. Below 1850 ignoring upside momentum for intraday
Support 1850 Watching below 1848 for downside movement...
Resistance area 1885
Above 1880 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point