INFOSYS INFY 4hr chart Descending Triangle Breakout 23 Sept 2021. Target 1800.
Buy INFY above 1720 for 10% to 15% gain is it forming a kind of symmetrical triangle pattern. Sell INfY below 1665 for the target of 1580 DISCLAIMER:- only for educational purposes please do your own analysis before investing hard-earned money.
INFY (INFOSYS) Symmetric Triangle on 15 Min Chart 17 Sept 2021
Hello Welcome to this analysis about infy , we are looking at daily timeframe perspectives. infy is developing here that will be a decisive factor in the upcoming times. I discovered the main formation infy is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how infy has emerged with this...
POSITIONAL LONG VIEW IN #INFOSYS LTD BO RE - TETS CMP 1383 INFOSYS LTD LOOKING GOOD CMP SPOT 1383 STOP LOSS 1350 ON CLBS GOOD UP SIDE POSSIBLE IN COMMING DAYS
Infy - Sustaining below 1100, the stock may move towards 1000 - 990 levels.
Intraday Cash Buy INFY @ 935.50 - 936.20 SL 927 TGT 953 Above VWAP, TK cross over, MACD crossover follwoed by good volume buy.
Infy closes above the 730 levels, that it had been resisting from past many weeks with a big Bull candle that opens near its low and closes near its high with huge volume. Higher high , high low Structure of the stock is maintained , hence any dip in the stock might get absorbed. There will be many who missed the move and would like to enter in the stock, but...
715- 730 turn out to be a solid resistance for the stock , stock is resisting this zone from past many weeks. I am not bearish on the stock , as long as it trading trading above 650 levels. So watch this zone , or set an alert to keep this stock on radar. Because breakout can trigger a good good rally in the stock.
Infy is currently trading at 721 levels, and has entered a weekly resistance zone of 720 -730 levels. The stock was not able to past through the zone from past 8 weeks. If the stock closes above this on weekly basis , which will open up new levels on the upside , and the immediate levels are 780 and 840 . Major support for the stock stands at 650 levels.
Observations : Rallied from 676 levels to 720 levels.... Currently in pullback mode.... boince back zone... 690-685 levels,,,, more bull power only above 721... closing basis... View Negates below 663 levels,,,,,,
For me its a buy on dip stock for positional trading as long as its holding 650 levels on the downside. Stock has been facing resistance around 715-720 levels from past one month but is able to sustain 695 - 700 levels from past 10 sessions. Hence holding 690 levels can lead stock to 770+ levels on the upside. Trend of the stock is on upside on all time-frames...
Infy on continous raise from past couple of trading sessions. Considering the uptrend in NIFTY-IT, if Infy sustains above 700-705 range, we can see clearly capture further uptrend . Add to watch list.
INFY SHORT OPPORTUNITY IN COMMING DAYS. Green dot line down trend marked Red one temporary up move inside the green dotted channel.