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INFOSYS 📊 Chart Analysis – Infosys Ltd (INFY) Currently, the stock is testing a key resistance zone between ₹1620–₹1630. If the price breaks and closes above this resistance, it can signal a strong bullish breakout. --- 💼 Trade Setup (Based on Cup and Handle Pattern): Entry (Buy): On a closing above ₹1640 Stop Loss: ₹1570 Target 1: ₹1700 Target 2: ₹1780 --- This is a classic Cup and Handle breakout setup, which often indicates the start of an upward trend. If you find this helpful and want more FREE forecasts in TradingView, Hit the 'BOOST' button Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
NSE:INFYLong
by milanpatel007
NAZARA TECHNOLOGIES LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:NAZARA
by zenthosh
CARYSIL- LOOKS GOOD.Here's a detailed technical analysis using Elliott Wave Theory (EWT), Fibonacci, and volume/RSI interpretation for CARYSIL LTD (Weekly Chart): 🔍 Chart Analysis Summary: 1. Trend & Structure A falling trendline was broken decisively with strong bullish candles and high volume—indicating a trend reversal. The recent structure indicates a potential Wave 3 rally if we consider the Elliott Wave framework from the bottom near ₹431. 🌀 Elliott Wave Analysis (Probable Count) Wave 1: Approx ₹431 → ₹730 (early 2024) Wave 2: Correction from ₹730 → ₹520 (shallow, possibly zig-zag or flat) Wave 3: Now ongoing, from ₹520 → ₹917+ (current high). Wave 3 typically shows impulsive strength, supported here by volume and breakout behavior. Wave 4 & 5: Yet to unfold; Wave 4 may likely consolidate near ₹820–850 before a final push toward ₹1000+ (Wave 5). 📐 Fibonacci Levels Assuming: Wave 1 = 431 to 730 = 299 pts Projecting Wave 3 = 1.618 × Wave 1 = ~483 pts From Wave 2 low (₹520) → Wave 3 potential target = ₹520 + ₹483 = ₹1003 (nearly tested) Key Levels: 61.8% retracement of full fall (approx ₹1150 → ₹431) = ~₹900–920 zone (now reached) Golden Ratio resistance in play If this level is cleanly surpassed, next targets using Fib Extension: 1.618 of Wave 1 = ₹1000–1020 2.618 = ₹1150 (next major resistance) 📊 Volume & RSI Analysis Volume Surge: Confirms institutional buying interest on breakout. RSI: Near 69 (overbought zone), but typical of Wave 3. Not a sell signal yet, but keep watch for divergence. RSI-based MA: Still lagging around 51—showing momentum has only recently shifted strong. ✅ Suggestions Short-Term: Some resistance near ₹920–940 likely due to previous swing highs and Fib zone. Expect mild pullback/consolidation (possible Wave 4) before Wave 5 targets. Medium-Term: Hold with SL below ₹840 (previous breakout zone). Watch for price-volume confirmation on any move beyond ₹950. Fibonacci Retracement for Support: Key pullback support zones: ₹850 / ₹800 (0.382 / 0.5 retracement of Wave 3). 📚 Learnings / Takeaways Trendline + volume breakout with impulsive candles is a reliable Wave 3 signal. Fibonacci extensions + RSI give confluence levels for Wave 3 exhaustion. Don’t pre-empt Wave 5 without letting Wave 4 structure complete. RSI divergence is often seen between Wave 3 and 5 (watch for this in the future).
NSE:CARYSIL
by Pushpmegh