Infy - Elliott wave analysis - 5th wave It is in 4th wave correction within 5th wave impulse and will go for new high after completing it.
INFY trade ideas
Infosys looking bullishStock is in a good uptrend- expected to touch 1700 levels by end of the year.
Strong support at 200 days MA 1390
Stock is following good support at trendline from covid level lows to all subsequent lows till date.
RSI is slightly overbought.
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.
Infy: Ready to rollThe momentum picking up.
IT sector tailwinds are good to take it higher.
Core PF bet
Cup with handle breakout for InfosysSpotted cup with handle pattern for Infosys Ltd in NYSE. Unsuccessful breakout on the 8th June at the neckline at $19.50. Let's see if the big volume comes in to give the push to break out.
Dislaimer :
This is by no means a recommendation to buy. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any investment decision.
INFY -- Watch for higher levels INFY -- recent inverted Head & Shoulder .. showing strong sign on positive side.
We can see 1450+ levels very shortly - provided market momentum towards 15450+ to 15550 levels.
Add to watchlist and trade accordingly.
INFOSYS LTDINFOSYS LTD
DAILY CHART - forming cup and handle
good volume
bullish rsi @ 65
bullish crossover MACD
bullish crossover stochastic
buy @ 1415
SL @ 1364
Target @ 1536
Buy INFY at cmp 1356 and dips with SL below 1300 on clbsBUY Infosys at cmp 1356 and dips with SL below 1320 on closing basis - tgts 1379/1400/1426/1455+
InfosysInfosys broke the major resistance and noelw consolidating insinde a mother candle....... Just have a look.......
