INFY : Range bound // Below Gaps need to be filled.www.tradingview.com
INFOSYS (NSE: INFY) : It seems currently in a range bound of 1520-1570. Until it is not breaking 1520 at lower level, it is not going to fill the historical gaps lefts below. For higher side, it need to break 1570 to test its 52w high at 1619. The next target at higher side will be last swing high at 1660 approx.
INFY
TRADE SETUP_INFOSYS_ The "BALL" is in Buyer's areaThe "Ball" as you can see in the above chart is clearly on the buyers half of the ground.
The real question is how hard are they going to kick it to the upside? Or are they not going to kick this time around?
Well i believe this could be a "10-13%" kick(which is pretty hard).
CMP 1391
support zone 1370-1380
SL 1350
Target 1550
Note*- Please do your own research/analysis before taking up any financial positions.
Navigating Infosys: A Trade Insight
Currently, Infosys is making its way down to a 15-minute Demand Zone. Let's unpack this potential trade:
Zone Quality Check 🕒:
The 15-minute Demand Zone Infosys is approaching exhibits notable strength, characterized by a robust follow-through. This suggests a compelling setup for potential trades.
Intermediate Frame Exploration 🔄:
Zooming out to the 75-minute Intermediate Time Frame (ITF), Infosys finds itself comfortably within the zone, with the trend pointing upward. This aligns well with the broader context.
Daily Location Analysis 📊:
Shifting to the daily timeframe, which acts as our higher time frame (HTF) for location analysis, we find Infosys trading in an affordable area. This positioning enhances the appeal of the trade execution.
Trade Execution Plan 🎯:
Here's the plan:
- Entry: Enter at the 15-minute Demand Zone or slightly above AROUND 1445.
- Stop Loss: Place it below the 15-minute Demand Zone.
- Target: Aim for a minimum risk-to-reward ratio of 1:3.
🚀 Trade Insight:
This trade aligns well with the strength of the 15-minute Demand Zone, the upward trend in the 75-minute timeframe, and Infosys' affordable position on the daily chart.
📝 Note: This analysis is for educational purposes only. I'm not a SEBI registered analyst.
Trade Smart, Execute Confidently! 💹✨
INFY 1H SYMMETRICAL FORMS TRIANGLE PATTERNINFY 1hour chart forms a Symmetrical triangle pattern more support in bottom trend line.
keep this stock in watchlist breakout will happen within 1 or 2 month.
Monitor this stock for both EQUITY and F&O trades.
My view in this stock is go LONG..
TARGET 1 ---> 1650
TARGET 2 ---> 1800
#QUICKHEAL 244 Buy TGT 300 SL 219 Recommended - Rachit Sethia QUICKHEAL 244
TGT 300
SL 219
RR >2
Return > 22%
TF < 6M
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
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.
INFY
NSE:INFY
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
#DYNAMATECH 4126 Recommended Buy - Rachit Sethia #stockstowatchDYNAMATECH 4126
Open Targets and Open SL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
INFOSYS a GOOD Buy from present levelINFOSYS is a top it services company in the world with consistent profits and has been a multibagger for many. It is currently 31% down from lifetime high which makes it a good bet in the short term. If has broken all its previous lifetime highs in the past to make a new lifetime high and this time also it will maintain its track record. It is a 44% gain to lifetime high.
INFY: Bearish Trend Continues with Retracement Towards 1100INFY is currently experiencing a bearish trend on the weekly timeframe. Following a significant decline in price, there has been a bearish breakout below a key support level. The price has retraced back to this broken support level, indicating a potential continuation of the downward movement. The next support level is anticipated to be around 1100, further supporting the bearish outlook.
INFOSYS LTD - Value Buy at current levelsWe have seen about a 40% fall from its all-time high in Infosys Ltd.
Currently Stock is trading at .50 Fibonacci support i.e. 1230, which is coincided with a price action support at 1250.
Hence we have a support band from 1230-1250.
Stock can be a very good value buy at the current level for long-term investment purposes.
HDFC- Long Since hdfc closed above the previous high
And also retested above the previous high
Possibility for filling the gap is very high
And OI data indicates strong resistance at only 2800
Till 2800, there will be a strong rally.
Fib 0.6 coincides with the IO data
Closed above Fib 0.3 and retested
{INFY BACK IN ACTION} :(EXPECTED RISE 6.5%)
Price has reated to a Demand in Higher Timeframes, after reacting Price has violated a Daily Supply confirming an UpMove, post violating the Daily Supply Price has formed a Daily Demand and has reacted to it, Was a perfect buy for yesterday, expecting Price to reach the Resistance formed in the opposite @ 1355.00, therefore a total of 6.5% from CMP till the TGT of the trade.
ENJOY THE RIDE ! ! !
Infy - Cup and Handle - waiting for breakoutReasons for the cup and handle to breakout:
Infy - Cup and Handle - waiting for breakout
Retest done at RBR candle in daily
Huge possibility for gap filling
Nasdaq has tested the current supply zone multiple times and ready for breakout
TCS is in the clear up trend. Some short covering positions is holding the infy to breakout.
Huge OI is formed at 1300 levels, so 1280, 1260 will see a short covering positions which is pulling the current selling.
Today's close is above the RBR demand area which is a positive sign.
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.