INFY trade ideas
Cup & Handle in Progress? Looks like a cup & handle to me. Break over 16.36. Weak dollar play & should piggy back off strong $ACN earnings IMO.
INFY-setup for 16Dec 2020.the setup is valid for 16Dec 2020 only. the overall trend is bullish, if candle closes above the green line we can take a trade.
note:the BO candle wick should not be more than 25% of the body
Infy - Trendline BreakoutInfy borken trendline with volume but resistance on head. need to break 1166 for further upmove. Target on chart...
infosys can give a big movesell below-1090-1087-trgt-1078-1072 by looking a balanced rsi.
note-trade at own risk.
INFOSYS - Bullish H&S Pattern - Short Term SwingThis analysis is purely based on price action and Chart Patterns.
The analysis is on 60min TF hence target can be achieved in a couple of days. Traders can extract benefit from this analysis in their Intraday trades as well
Trade strategy is explained in image itself. Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
Infosys - Retest of resistance line and break out for quick gainNSE:INFY Infosys has in a very time frame made three attempts to break the resistance line. With all IT stocks up and higher volumes likely to break out in short term. Buy above 1150 for a 100 points move.
VIEWIf it takes support at 1106 today go for buy for the target of 1116 then 1122, Takes support means if 3 or 5 Min candle close above 1106 after touching the price of 1106. Book half at 1116 and rest trail.
Watch out INFYInfosys moving in a symmetric triangle. Go with increased Volume on downside for a short or wait for a reversal from support line. My bias: Strong possibility of a bullish reversal.
Infy - Intraday Trade SetupInfy CMP - 1133.45
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 1130.50 / Stop Loss 1140
Target 1 - 1125
Target 2 - 1120
Target 3 - 1115
Disclaimer: This is my view and for educational purpose only.
