INFY trade ideas
INFOSYS NFOSYS - Momentum buildup accompanied by morning star candle formation.
Watch here, how the RSI has been gaining strength all this time, while the price has been declining.
A morning star formation confirms a bullishness not only in INFOSYS but the entire IT sector.
Target - 1500 / 1530 / 1555
SL - 1400
IMPORTANT LEVEL OF INFOSYSInfosys Ltd. is on a important swing level if it's breaks it's previous swing and 100 EMA then it will come it's 200 EMA.
Buy there is a one more probability that it will make double bottom from this level and it's correction will be and but seeing all the scenario of the market its chance to make double bottom is very less most chance is it breaks it's swing and comes to 200 Ema.
Let's wait and watch what will happen.
If anyone want any stock analysis then comment in this post I'll make analysis of that.
Disclaimer: I am not SEBI registered this is for educational purposes.
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BULLISHIn the loving memory of my child Muffin I present you this chart analysis... ...please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you and makes you smile then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis ...
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High time to buy Infosys We can see a huge fall in IT sector in one month. Infosys was fall more than 17 % since one month and 19% yeat today. Now Infosys was in it's support point. First support of Infosys was 1531 If it break these level than next support (which is very important support) 1471 we can hold it. On these level if it sustain at 1531 level than buy it on that level & if it break that level we can wait for 1471 and started holding it on that level.
Our target at this level is 1661 1771 1925
Hold for longterm
This is for educational purpose only