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INFOSYS LTD CEDEAR (1 REP 1 ADR)INFOSYS LTD CEDEAR (1 REP 1 ADR)INFOSYS LTD CEDEAR (1 REP 1 ADR)

INFOSYS LTD CEDEAR (1 REP 1 ADR)

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INFY trade ideas

Technical Analysis Overview of InfosysMonthly Timeframe: Infosys is forming a potential Double Top pattern near its resistance zone. However, confirmation of this bearish structure is pending as the price has not yet broken below critical support levels. The stock appears to be moving sideways near resistance, suggesting the possibility of a breakout. However, MACD is showing bearish divergences, which could indicate weakening bullish momentum, hinting at a potential reversal. Weekly Timeframe: In the weekly chart, Infosys experienced a fake breakout, confirmed by the bearish candle formed during the week of 13th January 2025. This high-volume bearish candle reinforces the idea of a trend reversal as it establishes a lower high, in line with Dow Theory's bearish trend structure. The price action is strongly negative, supported by increased selling pressure. Daily Timeframe: On 17th January 2025, Infosys gapped down following the announcement of positive results, signaling a classic "bad price action after good news" scenario—often considered a highly bearish signal. The gap-down candle suggests strong bearish sentiment, despite the favorable earnings report. Traders may use the high of the result day candle as a stop loss on a closing basis to manage risk.
NSE:INFYShort
by RocksolidFinserve
INFY S/R for 20/1/25Support 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:INFY
by zenthosh