NSE:INFY
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpos
Stick with Infosys as the trend may just be beginning. Can you a stop price of $17.90 using the TTG MarketWebs #VolumeAtPrice Indicator. Aim for previous highs.
Support 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...
Double bottom on Chart
Chart setup is very good for long position.
Buy infy for long term.
All setup favour in long position
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
1. In April’23 & May’23 Stock took support of a long term trend line on monthly chart . (this can be considered as end of wave 4 on monthly chart).
2. Also we can see Reverse Divergence (Bullish) between Lows of March’20 and April 23 as Price was making Higher Low and MACD was making Lower Low.
3. May 23 can be considered start of 5th wave.
4. Going deep in to...
Any idea where it can go? bullish or bearish? It looks like it is forming triangle. It started with a hanging man. It looks like going bearish. Any suggestion?
Support 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...
Infosys Ltd provides consulting, technology, outsourcing and next-generation digital services to enable clients to execute strategies for their digital transformation.It is the 2nd largest Information Technology company in India.
If focus at company P/E Ratio so it is indicating perfactly company is trading at fair value and avrg sector P/E is more than stock...
www.tradingview.com
INFOSYS (NSE: INFY) : It seems currently in a range bound of 1520-1570. Until it is not breaking 1520 at lower level, it is not going to fill the historical gaps lefts below. For higher side, it need to break 1570 to test its 52w high at 1619. The next target at higher side will be last swing high at 1660 approx.
