Infosys_ Inside Candle Consolidation !!Inside Candle : The price consolidating in inside candle with three bullish candle in 6 past session and volume surge & positive RSI.
Long : Above Rs 1755, or Short only if support of Rs 1650 broken.
Target & Stop Loss as per price action and risk management.
Thanks
INFY trade ideas
Infosys LONG as well as SHORT opportunitiesInfosys has tested the support of 1700 to 1660 many times, thus this becomes a crucial level.
If this supports get broken a nice short trade can be initiated on the downside.
if it broke above 1770 after a pullback it can continue its trend on the upside.
It is necessary that structure of broader market improves for any stocks to head higher in the short term.
INFY- Ready For A Breakdown#INFY
Sell-Below 1650
Sl-1700
T-1510
#INFY- The stock has made a bearish setup in the higher TF. It has made a Head & shoulder pattern in weekly TF. Trading almost on the neckline. Along with that the stock has made a descending triangle in daily TF. This stock is untouched in the current Profit booking since Oct 2022. Stock is ready for a new price structure in weekly TF below 1650, target will be till 1500.Then we have to see price action weather it will take a U turn from there or it will continue.
Idea is invalid above 1800. So plan your trades accordingly.
Simple Trade Setup | INFOSYS | 07-03-2022 [INTRADAY]NSE:INFY
Trade Setup for 07-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
SWING SHOT FOR INFOSYS !!!!<#MONDAY#>
<#SWING-TRADE#>
@VK2413
NSE:INFY
{
INFOSYS is at its best support zone...
have it now in your portfolio..
for a few months you will feel it's potential..
IT sector is making news too..
GO WITH THE FLOW....
LEVELS are given in the charts for swing shot😉..
}
Fallow @VK2413 ,like❤️,Comment✌️,Share your view too..
Pattern breakdown may see a big fallAfter the recent fall, Infy has formed a Pattern breakdown - Price went below and managed to move inside the pattern. The next direction depends on where it closes today, inside or outside the pattern.
The fall may be big if it closes below the pattern. The target could be at 38.2 Fib retracement level. The correction should happen for the rally Infy has seen for the past 2 years. However the 2 major support level before it reaches the target downside.
Is this the end of an uptrend in INFY? When the head and shoulders pattern happens during an uptrend, the price rises and then pulls back (lower), forming the left shoulder. The price rises once more, forming a higher peak known as the peak of the head. The price falls once more, then rebounds to a lower peak, establishing the right shoulder.
Swing lows occur when the price falls after the left shoulder and the head. A "neckline" is formed by connecting the swing lows with a trendline that extends off to the right. When the price falls below the neckline, the pattern is complete, and the price is likely to continue falling.
The entry opportunity on a head and shoulders pattern occurs when the price breaks the neckline.
so bears are ready to shortto be honest , market is no longer in bullish sentiment so it is good to take small put position on last stand sector.. "THE GREAT IT-SECTOR",immediate targets are 1667,1650, and if bears are really hungry then 1585 is not so far, because no big houses will buy infy in 1600-1800 range and retailers and some small operators cant hold this BEAST on this levels..
lets see, what happens to this guy