INFY trade ideas
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.
Infosys has good support levelconsidering option analysis it has highest number of open at 1200 and 1100. Max pain strike is 1100 and showing good signal for IT stocks
INFY - Elliott wave analysis - C upINFY - It is in 2nd wave of C wave up. buy near 1100 level with stop loss below 1077.80 for target above 1150 or higher.
