INFY trade ideas
Watch for opportunityStock has recently broken a trend line negative side and now creating a channel so prefer to until for short term for next opportunity although always preferable to buy for long term as there is a lot potential in the company.
Also Nifty IT has also given same negative breakout so it should be preferable to watch for both to get stable for a better movement for short term
Short Sell Setup with Good Risk/Reward in INFYShort Sell INFY strictly below 1698 SL 1716 target open either for intraday or for swing trading.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Infosys 3hr structureas charts infosys follow a downward trend line as resistance and at same time take a support on 1665 level ...so now if its break trend line and hold above 1715 then only we bullish in infosys ...of if its take resistance from trend line and break 1665 we go short in this stock.
infy ascending channel breakdown Hello
Welcome to this analysis about infy , we are looking at daily timeframe perspectives. infy is developing here that will be a decisive factor in the upcoming times. I discovered the main formation infy is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how infy has emerged with this key channel pattern marked in my chart with boundaries. which is an important resistance and also psychological resistance-mark together with the upper -boundary of the channel-formation a pullback
In this manner, thank you for watching my update-analysis aboutinfy and its major channel-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!