INFY Breakout: Riding the Strong UptrendJoining the uptrend wave as NYSE:INFY breaks out of its February 2024 range. Time to capitalize on this momentum!
0XSE trade ideas
INFY - Crucial Timeline🎯 The chart says it all. Keeping it simple as always.
🎯 The price has remained within a range for quite some time.
🎯 We're approaching the support zone defended by the 200 WEMA
🎯 It will be interesting to see how the price reacts from that point.
🎯 Also, we await the results for FY 24.
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profit booking in INFY should start now
After almost 28% run-up, we can expect some profit booking in INFY. I think we should book profit at current level and wait for retracements for re-entry.
INFY BUY ABV 1217 LONG TERM STOCK
BUY ABV 1217 LONG TERM STOCK
TARGET 1600*1800*2300
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Infy Breakout upsideInfy is forming cup and handle on day timeframe.
On same timeframe price is above 20,50, 100 and 200 EMA and sustaining above it.
Also looking at it consolidation Infy will give good upside in nearing short term duration.
INFYSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Infosys-Strong Buy-Swing/Short term
Buy
Target:1644
SL: 1518
1. Inside Candle breakout in Day TF & Week TF
2. 50% Fibonacci crossed in last downtrend.
3. Good Momentum candles in last few days.
4. Price reached last 3 months high.
5. EMAs crossover & Rejections.
6. Good Volume breakout.
7. IT Sector in good uptrend
INFOSY LTD S/R for 2/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
INFOSYS LONGiNFOSYS Qtrly supply 1660-1960
2 Times already this supply tested
Currently Month Demand Formation Happening- closing Bulling Candle this Month
1480 will act as strong support on Monthly if Close bullish Momentum
Immediate Basis 1630 is monthly Supply also Daily Supply
High Probability Price will show correction & 1480 - level Instt will buy
infy in buy side ... in this buy side of INFY ...Market may perfome a small sideway .. after the 3rd touch of the sideway .. infy perform good upside move..
infy bullishcup & handle pattern in infy.
target provided in chart.
breakout done. it may retest the breakout line.
Infosys daily chart analysisInfosys chart analysis on daily time frame. It seems ready for range breakout.
INFY + LINEAR REGRESSION + FIBO + CANDLE PATTERNSThe price still remains between within the body of the last bull candle and is above the upper band of the linear regression line .
The Fibo retracements help to mark the important levels as seen in the chart .
STOPLOSS : 1477 for longs
Infosys level fo 14th June #INFY Infosys level fo 14th June #INFY
Buying opportunity above 1505
Stop Loss area 1490
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
INFY#Infy has bounced from the major demand zone. Overall overall IT index is bouncing back, INFY is looking good with a decent Risk reward ratio.
Flag and Pole Breakout with confirmation. The Giant has woken up from deep sleep and now it will go a long way.
Entry: CMP
Stoploss: 1340
Targets: 1670 / 1960 / 2750.
Bullish signals:
1. Breakout and retest of Flag & Pole Pattern.
2. Formation of Bullish Divergence, Lower Low & Higher Low.
3. European Central Bank cuts interest rates for the 1st time in 5 years.
Strong Fundamental IT LCAP Stock For 25% Return* Strong Fundamental IT Stock
* Largecap Stock. Minimum Risk
* Stock P.E < Industrial P.E
* Divident Yeild 2.1%
* Increasing Sales
* Increasing Profits
* R.O.E - 26%
* FII , DII, Government Holding Increasing
* Weekly RSI > 60
INFY S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
infosys long term sip plan The chart shows Infosys Ltd. (NSE: INFY) on a monthly timeframe. Here's a breakdown of the key elements:
1. **Long-term SIP (Systematic Investment Plan) Stock**:
- The chart suggests holding this stock for the long term and booking profits when gains reach 100% or more.
2. **Fibonacci Retracement Levels**:
- The stock is currently around the 0.618 Fibonacci level at 1,405.05, which is often considered a strong support level.
- The 0.382 level is at 1,066.30, and this could be another key level of support if the price drops further.
3. **Buying Strategy**:
- Add to your position with every 25% drop or more from recent highs, averaging down your cost basis.
4. **Volume and Trend Analysis**:
- Volume bars indicate trading activity. There's a steady increase in volume, indicating growing interest over time.
- The long-term trend appears to be upward, despite recent corrections.
### Suggested Trading Strategy
1. **Long-Term Holding**:
- Continue to hold the stock as part of a long-term investment strategy.
- Consider booking partial profits when the stock doubles from your purchase price.
2. **Accumulation on Dips**:
- Add to your position during significant dips (25% or more) to lower the average purchase price.
3. **Monitoring Key Levels**:
- Watch the 0.618 Fibonacci level (1,405.05) for support.
- If the price breaks below this level, look for the next support around 1,066.30.
4. **Set Stop-Loss Orders**:
- Implement stop-loss orders to manage risk, especially if the stock falls below key support levels.
By following these guidelines, you can effectively manage your investment in Infosys Ltd. while aiming for long-term growth.
Investment Disclaimer
Investing in the stock market involves substantial risk, including the loss of principal. Past performance is not indicative of future results. It is important to conduct your own research and analysis before making any investment decisions. Consider seeking advice from a financial advisor to ensure that investments are aligned with your individual circumstances and risk tolerance. Never invest money that you cannot afford to lose. The information provided here is for educational purposes only and should not be considered as financial advice.
infy reddy for bulish moveon one day time frame its perfoming short of doble bottom parttern on lower time frame as 15 minutes, at very important support level, after braking 1448 level with big volume candle than can buy for targets of 1660 on resistance,stop below 1370 impportant supply zone
INFOSYS LTD S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
INFY ASCENDING TRIANGLE IDENTIFIEDINFY has formed an ascending triangle pattern on the hourly chart. A bullish candle has closed just above the resistance level, indicating potential upward movement. However, for a confirmed bullish trend, we await a clear breakout above the resistance. It's essential to note that a bearish breakout would invalidate this bullish projection, emphasizing the need for cautious observation.
smaller target may get executed....Pls go through the chart and see if you through a ball from your rooftop to the ground floor it at least bounce to half of first floor...! that's the retracement....hoping for that only.
