Infystock
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
Navigating Infosys: A Trade Insight
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! 💹✨
INFOSYS a GOOD Buy from present levelINFOSYS is a top it services company in the world with consistent profits and has been a multibagger for many. It is currently 31% down from lifetime high which makes it a good bet in the short term. If has broken all its previous lifetime highs in the past to make a new lifetime high and this time also it will maintain its track record. It is a 44% gain to lifetime high.
infy ascending channel breakdown 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 key channel pattern marked in my chart with boundaries. which is an important resistance and also psychological resistance-mark together with the upper -boundary of the channel-formation a pullback
In this manner, thank you for watching my update-analysis aboutinfy and its major channel-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
INFY - UPDATED LEVELS /Analysis 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 buying a stock at any levels is not a good idea, so we have to keep our levels ready and wait for the stock to test it, though it requires patience and you might feel you will miss the move... but trust me patience always pays you well.
My mantra for flawless entry :-
Keep the levels ready
Have Patience
Pull the trigger at right time
Now as per my analysis 700 -685 is going to be good support.
Stop will be same at 650 levels.
INFY Stock Price and Chart AnalysisInfy 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.
INFY - Long Term/Medium/Short ViewFor 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 , thus following are the levels that should be watched.
Short term support 690
Medium term support 650
Long Term support 460- 500