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Infosys Limited

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INFY trade ideas

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
INFY - Potential Buy Opportunity Amidst Correction PhaseAnalysis of INFY suggests a promising buy opportunity following its recent correction phase. After a notable recovery from 1351 to 1733, the stock experienced a corrective ABC wave pattern, consolidating near its support zone. This consolidation, coupled with a 50% retracement of its last swing, indicates a potential completion of the correction phase. With quarterly numbers looming, there's anticipation for a rebound. Should the current support hold, INFY is poised for a recovery. However, failure to maintain support may lead to a descent towards the extended supply zone between 1448 and 1412. Nevertheless, a swift rebound is expected thereafter, targeting levels of 1805 to 1865. Considering these factors, we recommend initiating a buy position at the current level, with further accumulation between 1448 and 1412. Our suggested stop-loss is set at 1375, with initial targets at 1805 to 1865. Disclaimer: The information provided is based on technical analysis and is for educational purposes only. It does not constitute financial advice. Trading in stocks involves risks, and individuals should conduct their own research or consult with a qualified financial advisor before making any investment decisions. We do not take any responsibility for potential losses incurred from trading based on this analysis.
NSE:INFYLong
by LiveTradingBox
INFOSYS INTRADAY IMPORTANT LEVELSAttention dear Traders! Before you dive into the exhilarating world of trading, where fortunes are made and lost faster than you can say 'bull and bear', remember this: I am not your financial guru, wizard, or psychic hotline. My advice should be taken with a grain (or shaker) of salt, as I'm not a licensed financial advisor Trading is like riding a rollercoaster blindfolded. It's thrilling, but you never know when you'll hit a loop-the-loop. The stock market is as predictable as a cat on catnip, and past performance is about as reliable as a weather forecast in the Bermuda Triangle. So, don your financial life jacket, do your own homework, and maybe even chat with a real human financial advisor. Remember,Trading with your money is serious business, but it's okay to chuckle as you read this.
NSE:INFY
by Abhijit7
INFY S/R for 19/3/24Support 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. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) and an average true range (ATR) to create an upper and lower channel around the price action. The upper line of the channel represents the upper limit of the average range, and the lower line represents the lower limit. Traders can use the Keltner Channel to identify potential long and short positions. Long Position: A long position may be considered when the price is trading above the upper line of the Keltner Channel. This suggests that the price is trading above the average range and may continue in an upward trend, potentially offering buying opportunities. Short Position: A short position may be considered when the price is trading below the lower line of the Keltner Channel. This suggests that the price is trading below the average range and may continue in a downward trend, potentially offering selling opportunities. 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 (INFY) Big Bullish Move is coming soonFundamentals of Company 1. Consistent Growth of Company & Increasing Profits Year on Year 2. Great to Fair Valuation 3. Strong Big Players Holding 4.Robust management 5.IT Sector is Outperforming & Flourishing Technical Factors for Buying 1. Completion of Accumulation & Formation of HH + HLs on Daily & Weekly TF 2. Retest of major breakout completed 3. Bullish pattern Formation on Daily TF on 7 Mar 24. 4. Wick & Strong rejection on Weekly TF 5. All Momentum & Price based Indicators are also in buying direction
NSE:INFYLong
by Wealthy_Vikish
1
INFY S/R for 11/3/24Support 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. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) and an average true range (ATR) to create an upper and lower channel around the price action. The upper line of the channel represents the upper limit of the average range, and the lower line represents the lower limit. Traders can use the Keltner Channel to identify potential long and short positions. Long Position: A long position may be considered when the price is trading above the upper line of the Keltner Channel. This suggests that the price is trading above the average range and may continue in an upward trend, potentially offering buying opportunities. Short Position: A short position may be considered when the price is trading below the lower line of the Keltner Channel. This suggests that the price is trading below the average range and may continue in a downward trend, potentially offering selling opportunities. 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/R for 28/2/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:INFY
by zenthosh