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INFY trade ideas

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.
NSE:INFY
by zenthosh
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.
NSE:INFYLong
by prince13amit
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.
NSE:INFY
by zenthosh
INFY 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.
NSE:INFY
by zenthosh
Infosys Wave AnalysisHey Guys, Today, I would like to share some insights regarding Infosys' recent stock performance. Despite prevailing bearish sentiments since February 6, 2024, Infosys has surprised many community analysts, causing some predictions to falter. Upon conducting an in-depth analysis, it became apparent that the stock has been undergoing a correction characterized by an irregular flat pattern. This pattern has created several challenges for traders, often resulting in unexpected outcomes and trapping many individuals in their positions. Allow me to elucidate the bearish sequence: 1. The first leg of the flat pattern, comprising three waves (abc), concluded on February 14, 2024, with a price level of Rs. 1635.50. 2. Subsequently, the second leg of the flat pattern, also consisting of three waves (abc), concluded on February 19, 2024, with a price level of Rs. 1711.50. 3. Following the completion of the second leg, the stock experienced a downward impulsive movement, culminating in a five-wave structure. It's noteworthy that this irregular flat pattern is characterized by a subdivision of 3-3-5, exceeding the expectations of many traders and leading to lingering positions or exits triggered by stop losses. Based on this analysis, there's a possibility that Infosys might reach a new high. Conservatively, we could anticipate a retracement of at least 61.8%. However, we remain optimistic about the potential for even higher levels beyond that threshold. Thank you for your attention to this analysis. Don't forget to like, share, and subscribe for more updates. Disclaimer: The above analysis is based on personal observations and research, and it should not be considered as financial advice. Always conduct thorough research or consult with a qualified financial advisor before making any investment decisions.
NSE:INFYLong
by imkhushal
10