AfnanTAjuddin

Navigating Infosys: A Trade Insight

Long
NSE:INFY   INFOSYS LTD


Currently, Infosys is making its way down to a 15-minute Demand Zone. Let's unpack this potential trade:

Zone Quality Check 🕒:

The 15-minute Demand Zone Infosys is approaching exhibits notable strength, characterized by a robust follow-through. This suggests a compelling setup for potential trades.

Intermediate Frame Exploration 🔄:

Zooming out to the 75-minute Intermediate Time Frame (ITF), Infosys finds itself comfortably within the zone, with the trend pointing upward. This aligns well with the broader context.

Daily Location Analysis 📊:

Shifting to the daily timeframe, which acts as our higher time frame (HTF) for location analysis, we find Infosys trading in an affordable area. This positioning enhances the appeal of the trade execution.

Trade Execution Plan 🎯:

Here's the plan:
- Entry: Enter at the 15-minute Demand Zone or slightly above AROUND 1445.
- Stop Loss: Place it below the 15-minute Demand Zone.
- Target: Aim for a minimum risk-to-reward ratio of 1:3.

🚀 Trade Insight:

This trade aligns well with the strength of the 15-minute Demand Zone, the upward trend in the 75-minute timeframe, and Infosys' affordable position on the daily chart.

📝 Note: This analysis is for educational purposes only. I'm not a SEBI registered analyst.

Trade Smart, Execute Confidently! 💹✨
Comment:
Inside Candle Trade setup

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