Infosystechnicalanalysis
INFOSYS trading analysisInfosys the IT giant of India is going to form a reverse cup with handle chart pattern. The company although giving consistent profits has not formed a new high in the previous 2.5 years. Now after forming this chart pattern it may break its previous high. The buy point is 1910 an selling point is 2500. This will give a 31% return. The stock will achieve this target before 2025 Diwali giving a 30% return in approximately 15-16 months.
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Head & Shoulder pattern on Infosys Dear Fellows,
As shown on chart, we can witness the early signs of head & shoulder pattern on daily chart with neck line @ 1353 /- which means if this patterns as per our prediction then INFY will fall up to 1300 level after the formation of right shoulder and breakdown from 1353 level.
Note : this post is just for the information, please consult your financial advisor before any trade.
What if you have infosys in your portfolio? Many of you must be having Infosys in your portfolio. Even I have it. There is a short term pain for all of you but here is some data that can help you in making your decision. I will be holding it but it is not necessary that you should do the same.
Is the long term story in the company intact?
Ans: Yes.
Why will I be holding majority of my Infosys share?
Because it is a premier Indian IT services company. For me the growth has diluted but not the story. Secondly my entry point is quiet low. Infosys, TCS and Reliance in the reverse order where the first shares that I bought in my account. There is chance of recession in West and IT sector may get affected due to it as a whole. Off late I am not very very happy with some Management moves by Infosys at a deep level. I feel that TCS and LTIM and few other IT firms like Tech Mahindra and HCL Tech may out pace Infosys in a short run. But Infosys is too big an organization and can definitely surprise us by giving a great result next quarter or after next one or Two Quarters.
I have expressed my opinion. You can take a call based on your judgement.
The Chart covers almost 25 year channel of Infosys.
Support levels are: 1191, 1064 and 972.
Resistance levels: 1263, 1311, 1368 and finally 1432.
INFY Infosys Limited Options Ahead Of EarningsLooking at the INFY Infosys Limited options chain ahead of earnings , I would buy the HKEX:20 strike price Calls with
2023-10-20 expiration date for about
$0.45 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
INFOSYS, TECHNICALS and its WAVES!!INFOSYS is showing a RSI DIVERGENCE, with H&S.
i have drawn correction waves, after that it needs to get its bull run, since from past few days, nifty IT, IS getting corrected a lot, because of American news, so this made its bearish trend to continue, and reach its support(which started before the bull run).
this month will be a bearish nature of INFOSYS.
Infosys levels & strategy for coming days?Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading.
Dow Jones has taken nose dive and closed with deep cut of 1000 plus points and Nasdaq closed below 500 plus points based on outcome of Jackson Hole meeting.
Is Infy trading in support zone & ready to take reversal to support index? or
Will these negative market sentiments push Infy & other IT stocks further down?
Is Infosys trading direction is negative? Infy has formed inverse flag & pole pattern. Will Infy achieve pattern target in coming days?
Shall we look sell on rise strategy till global cues are negative?
Shall we invest in Infy in small-small chunks for long term in case of decent corrections/near 52 W low from current levels?
Please do share your comments as well. Wish you all a very happy, healthy & profitable days ahead!
Infosys levels & strategy for coming days?Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading.
Dow Jones has taken nose dive and closed with deep cut of 1000 plus points and Nasdaq closed below 500 plus points based on outcome of Jackson Hole meeting.
Will these negative market sentiments push Infy & other IT stocks further down?
Is Infosys trading direction is negative? Infy has formed inverse flag & pole pattern. Will Infy achieve pattern target in coming day?
Shall we look sell on rise strategy till global cues are negative?
Shall we invest for long term in case of decent corrections near 52 W low from current levels?
Please do share your comments as well. Wish you all a very happy, healthy & profitable days ahead!
Infosys Futures Key Trading level 27th June 2022Infosys Futures Key Trading level 27th June 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Infosys bull run - continuation or Declining phase startedSo far last 15 months investors were riding on the nice acceleration wave gaining almost 350-400% from March lows (like most other fundamentally strong companies). Look how beautifully it has been on the upside from 30WMA. Last 2 months were bumpy ride. It broke on 30wMA once and then hover to regain MA line . This week it has broke MA line for another upside but missing component here is VOLUME.
What are two possible scenarios here ?
(1) Momentum will regain and will continue being participant of stage 2 advance. in that case, new investors entering here need to respect 30WMA as a stoploss. Once it regains HH-HL , trail your SL to previous lows .
(2) Second option is if this again moves back below 30WMA and MA line starts on negative slope, then a short entry can be made here again with 30WMA as a SL and once it forms LH LL structure, keep trailing SL to prevoius highs.
Key component of your trade decision here should be following :
(1) Overall market structure should be in line with your direction
(2) particular sector should be in line with your trade
(3) respect your decisions with appropriate SLs.
(4) remove hope from wrong trade and exit without fear.
Wish you all good luck and if you like this analysis please do share for more reach.
Happy Trading !!
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 <> 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.
Infosys profit Booking zone. Good morning all,
Of course, Infosys is a Good Investment stock for the long term but you also must know when to book the profit and when you can make a new entry to get the max profit. Harmonic PRZ in the weekly time frame and there are 80% chances to give the correction from this point. Investors and swing traders can book the profit at this point and can make a new entry on 733-811.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey