INFY trade ideas
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
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.
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.
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.
INFY (RIGHT PRICE IS IMPORTANT FOR TRADE)Infy waiting for big move but not clear its way. I am waiting for any point from which my stoploss is very short. Again find my three points for this stock. Wait for that level than calculate your risk & reward. Current demand zone is only for short time trade but support zone can give you big target.
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.