INFY RECOOMENDATION @ 1507 (MY PERSONAL TECHNICAL VIEW)

INFY @ 1507

THIS IS INFOSYS CHART. THIS IS SIMPLE STOCK CHART WITH OUT ANY SIGN.

This above chart showing a down trend from 1570 level to 1500 level which is running at this current market. Below chart is the reference.

Now check the CNXIT chart to support and cross check the IT scenario.

This CNXIT chart (time frame 1 hr.) showing the same condition like INFY. But we need to check this index for further output of INFY.

This CNXIT chart showing some interesting pattern which is plotted on CCI based on woodies theory. It's called head & shoulders pattern or you may call it as horizontal breakout. 29000 to 29150+ possible as per this chart. So, the result / conclusion is CNXIT upmove possible on coming trading session.

Now come to the main point. What about INFY / Infosys ?? Is it same type of recovery possible ??
Nothing impossible but you need a proper clarification for any prediction.

If we draw a retracement on INFY from 1350 range then it shows a clear point @ 1490 area with 38.20% retracement. Below picture is for your reference.

Now checking the chart with some indicator and retracement level from the top value which was at 1570 area. If we saw the retracement level then we can definitely tell you that you can find the spot @ 1525 level as 38.20% retracement and 1544 level as 61.80%. Below pic for your ref.

This is the same chart with Woodies CCI indicator where you can see a horizontal breakout already happen and for some time basis head & shoulder can also possible. Below pic is for ref.

This is very simple and easy method to identify a stock where the sound is technically good or not.

My view at this current date (07/11/2022) INFY (1500 area approx) is positive and may be possible to kiss the level of 1525 to 1540 area soon.

Best of luck and keep reading & learning for daily dairy.

Thank You.

Comments

BEST FOR INVESTMENT (STOCK MARKET OR MUTUAL FUND)

Mutual Fund A mutual fund is an investment vehicle that pools together the money of many investors and uses it to buy a diversified portfolio of securities, such as stocks, bonds, and other assets. Mutual funds are managed by professional fund managers, who choose the securities in the fund's portfolio and try to maximize returns for investors. Mutual funds offer several benefits for investors. They provide professional management, as the fund manager is responsible for making investment decisions on behalf of the fund's investors. Mutual funds also offer diversification, as they invest in a variety of securities, which can help to spread risk and reduce the impact of any one security's performance on the overall fund. Mutual funds also offer convenience, as you can buy and sell shares in a mutual fund through a broker or financial advisor. There are many different types of mutual funds available, including stock funds, bond funds, money market funds, and balanced funds. Ea...

The Powerful Indicator for EVER !!!

The indicator is a very popular indicator by which you can easily take different types of trades. If you follow this indicator well, you will get the best result from it, if you can keep it Properly on your Watch List. I have discussed various techniques of RSI on my YouTube channel and you can watch those videos if you want. Here is a step-by-step how to trade RSI in full detail. If you follow this indicator properly, I would say that you will become an expert in the technical trade of the market because the indicator is applied in all the time frames in all the markets. Here are some simple tricks of RSI that will help you in a very good way like double crossing from where you can get a healthy profit if you can properly identify it. In the picture below you can see the proper place of the two double line crossings from where the stock moment has changed and a message showing a profit. Every time frame in the stock market is significant and each time frame has a different tradin...

CCI DIVERGENCE EXAMPLE WITH STOCK CHART

Stock Name - Divislab (NSE) This is a perfect example for CCI Divergence. This is called a positive divergence. How its act ?? Let's find out the reason. First you have to check the two things which is most important like this trade. Check the price direction and CCI direction. If mismatch the both the check and identify the exact point. First check the price trend. In this case the price showing negative trend. Now we have to check the CCI as I mentioned earlier. Just look at the chart. Chart showing different direction which is very much important for this trade concept. Now you can see the price going down Trend but the CCI line showing some positive Trend. Now the question is what will be the next direction of this price action? At this time you have to to go with CCI trend which is going to to the positive direction as you seen on my last picture.

Silent Trader

Search This Blog