INFY trade ideas
Infosys - Time consuming Wave 4 correction is hereAfter a steep rise which I would consider it as Wave 3, the stock is now in Wave 4 correction which would take stock to the lower levels of 985-970 where buying should come and then again a new high can be seen for Wave 5 targets.
Infy 23rd SeptInfy formed Head and Shoulder pattern , If Break neck line can go for shorting.
Level can get on chart.
Disclaimer - I am not SEBI Registered. Above view is my own pure view and It's for an educational purpose.
Please do trading after consulting you financial adviser. I will be not responsible for any Loss and Profit .
INFY Long - swing trade(1 hour candles)The Nifty IT index is seen in good upward momentum and a bullish ascending triangle pattern can be seen in Infosys.
* The stock is very close to the important psychological level of Rs.1000.
* The successful breakout from the triangle pattern can push the price all the way up to 1000.
* Its a high reward trade compared to the risk.
Risk:reward - 1:4
* Stop Loss should be below the rising side of the triangle.
INFOSYS RISING HIGHERMACD ABOUT TO GIVE BULLISH CROSSOVER
RSI BOUNCED BACK FROM 60 LEVELS.
BUY IF SUSTAIN ABOVE : 930
TARGET : 980
STOP LOSS : 900
**These are my personal observations. Please trade at your own risk.*
Rocket Deal #6Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders.
NSE:INFY in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart.
Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
Infosys (Moving Average Crossover ? Time to Buy ?)Infosys has been consolidating and has formed a triangle which was broken yesterday only for the price to reverse and close within the triangle.
We can see the Green Line (9 EMA) is trying to cross the Blue Line (20 EMA) from below indicating a bullish momentum. Any breach of the triangle and a close above it might lead to a rally in the stock and the stock might touch it's all time high and also breach it. A Consolidation before a crucial resistance/support area is generally a sign that any breakout might take that level off.
The Large caps might be news driven due to the latest regulations by SEBI amending the Portfolio allocation of the Multi Cap Funds so keep that in mind while placing your trades.
Which side will you be betting on ?
big potential for INFOSYS LTD to go downbig potential for INFOSYS LTD to go down
shoer term investemnt
Infosys good long candidateInfosys counter is forming bullish bat pattern on hourly time frame,, prz zone in range 907 to 913 ,, good reversal can be seen from this zone,, view gets negated if counter breach level of X point and sustain for 10 mins below this levels,,
Darvas box and Channel breakoutHi traders , infosys is breaking channel with consolidation downwards we can short
Short at = 935 , stoploss = 960
Target 1 = 905 , target 2 = 860
Infosys tech.analysisHello friends.
Infosys was also in a range and gave a breakdown or near to give a break down.
It has made 4 negative signs on daily charts.
1.Topspin
2.Dark cloud covering
3.Bearish Engulfing
4.Evening star
On my calculation this can be a selling chance.
Support.
923,915,900
Resistance.
944,955,960.
** this is mu personal view.. **
INFOSYS : 24 AUG 20 :GUESS THIS JACKPOT PRICE ACTIONINFOSYS : 24 AUG 20 :
WAO GUESS THIS JACKPOT PRICE ACTION.
MY SPECIAL THANKS TO MY GURU TRADING PANTHULU.
