INFY trade ideas
Infosys - All poised a decent correction ? Stay cautious I usually prefer a 3-hour time frame chart to understand the longer trend of the stock.
IT stocks have had a stellar rally since the March lows and it seems to me that the bulls are finally getting tired before they get active all over again.
Infosys the beast is showing some serious negative divergences on a 3-hour time frame. Additionally, the dollar index is also looking to bottom out in near time :)
Infosys can correct till 1020-1050 in near short time :)
Cup & Handle in Progress? Looks like a cup & handle to me. Break over 16.36. Weak dollar play & should piggy back off strong $ACN earnings IMO.
INFY-setup for 16Dec 2020.the setup is valid for 16Dec 2020 only. the overall trend is bullish, if candle closes above the green line we can take a trade.
note:the BO candle wick should not be more than 25% of the body
Infy - Trendline BreakoutInfy borken trendline with volume but resistance on head. need to break 1166 for further upmove. Target on chart...
infosys can give a big movesell below-1090-1087-trgt-1078-1072 by looking a balanced rsi.
note-trade at own risk.
INFOSYS - Bullish H&S Pattern - Short Term SwingThis analysis is purely based on price action and Chart Patterns.
The analysis is on 60min TF hence target can be achieved in a couple of days. Traders can extract benefit from this analysis in their Intraday trades as well
Trade strategy is explained in image itself. Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
Infosys - Retest of resistance line and break out for quick gainNSE:INFY Infosys has in a very time frame made three attempts to break the resistance line. With all IT stocks up and higher volumes likely to break out in short term. Buy above 1150 for a 100 points move.
VIEWIf it takes support at 1106 today go for buy for the target of 1116 then 1122, Takes support means if 3 or 5 Min candle close above 1106 after touching the price of 1106. Book half at 1116 and rest trail.
