INFY/N trade ideas
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.......
INFOSYS BREAKOUTIn Daily time frame, the downtrend has been broken.
There are four times infy has checked the support level.
Also three times tested the resistance level, finally it has breakout.
Now what is the immediate support level is 1370 to 1350 and the target is as 1400,1450,1550.
Note; INFY announced a BUY BACK offer , buy back price is 1750.
Intraday trading idea for Infosys for 14th May 2021Intraday trading idea for Infosys for 14th May 2021
If not today it may breakout in couple of sessions if market supports.
