INFY INTRADAY SETUPINFY formed a bearish bat with reversing price action in the PRZ
TARGET 684-680
STOPLOSS 696
0XSE trade ideas
INFY on raise Infy on continous raise from past couple of trading sessions.
Considering the uptrend in NIFTY-IT, if Infy sustains above 700-705 range, we can see clearly capture further uptrend .
Add to watch list.
INFY SHORT OPPORTUNITY INFY SHORT OPPORTUNITY IN COMMING DAYS.
Green dot line down trend marked
Red one temporary up move inside the green dotted channel.
Infosys intraday long for Monday buy if crossed 694 Target can be 705- 706 sl will be updated on monday at the time of limit order execution.
Infy good to buyINFY looks strong and good to buy, closing above 20 SMA
Levels to watch
if -GAP UP OPENING ABOVE 695.11 then can see 25.5 points moment upward
if -GAP DOWN OPEN BELOW 680.14 then can see 16.21 points moment downward
INFY - Trading in a up-sloping channelStock in a slow up-move, would take time reaching its target.
680- 650 turns out to be a good support zone, from where stock manages to bounce most of the time.
Be ready to short INFY at 690 levelsToday infy broke the support and made low of 653.
Now support turned resistance. Wait for retest the resistance then short.
Target is big around 500 minus.
INFY SHORT TERM PROJECTIONInfy has just finished the abc correction and started the last leg down
Strong support levels are placed in the chart
stoploss above 673
PREPARE NEXT WEEK FOR #PROFITABLE ENTRIES - INFY - 30MN - INDIAThank you for your likes! Please share to benefit everyone! Much appreciated!
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High potential of profitable entries next week as the INFY INFOSYS price has returned to its historical super strong line .
This line has been reverting from powerful support to massive resistance line.
The market has a high probability to go away from this actual point. This elastic movement could lead in the future to a new type of trend.
Above the price, the first resistance R' which can become a pullback point . Same for under, the support S' which can be a point of pullback up . This showing a new ranging trend of the INFY.
Breaks might happen:
- If the market breaks the S' support line , we could observe a nice downtrend before observing a recovery back to the black center line.
- If the market breaks the R' resistance line , we could see the market first testing the previous uptrend support line which will become a potential pullback zone.
Keep in mind:
The volume down there is important and has to be higher than the dotted line traced i n order to make a decisio n having better probability to succeed.
Tradesignals.io - Infy price target - 600Hello Investors,
Let's watch the ride of Infosys, it has some good valuations but fair price value is coming to Rs.600 based on technical analysis.
INFY - ABCD PATTERNStock looks good, as long as it is holding 666 levels, it is heading towards 750 levels.
Trade Type : Positional
TRGT :750
Stop 666, trail stop 674
Minor Resistance at 700 levels, above which it can zoom fast.
Do not follow blindly, please do your own research.
INFOSYS POSITIONAL SHORT "PITCHFORK"Short in the range of 650-660 , trend line is broken but there are chances of it taking support in that range and continue with its upward journey.
Contrarian Call if resistance is broken look for longs above 690.
Simple outlook...I don't trade Indian stocks but this chart pattern is pretty straight forward.
770 is my target. Be wary in holding India stocks or indices for a long haul though.
