INFY trade ideas
100EMA,200EMA,400EMA CROSSOVERHi,Trading View Family, I have found Infosys chart very intersting, On 30 min we have 100EMA,200EMA,400EMA close to each other this is a very good sign that price can show moment,According to Techanical analysis when ever Price comes close to EMA the tend to give movement, In this chart we can initate buy order when 100EMA CROSS 200EMA and then 400EMA simultaneously on 30 min Time frame , We can take a swing trade with Risk Reward of 1:2.
Date of Analysis:-6 November 2021
Infosys on very crucial trendline Infosys has been following this trendline from last year and seems to be very close to it.
We can see good momentum if it respects the trendline once again good stock for swing to short term.
Buy when bullish signal or pattern formation near trendline
Target all time high
$INFY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $INFY after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
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Watch for opportunityStock has recently broken a trend line negative side and now creating a channel so prefer to until for short term for next opportunity although always preferable to buy for long term as there is a lot potential in the company.
Also Nifty IT has also given same negative breakout so it should be preferable to watch for both to get stable for a better movement for short term