Infosys - A Long View
已更新
CMP - 1627 on 04.07.24
The weekly chart shows the support and resistance to the price movement.
If crosses 1680 and sustains above, it may go into a bullish phase.
Possible targets are 1730/1850/1900++
MACD is also showing a possible crossover.
At the the time of crossing 1730, we will complete the head & shoulder pattern formation which is in progress right now.
Keep in mind that the support seems around 1510, which can be seen at any time of correction.
Better to make the strategy according to the cash segment, which allows us to accumulate many times.
If the price trades below the triangular pattern, this setup will go weak.
Always plan your trade, in any case, the risk-reward ratio must be good. Don't hesitate to exit when hitting your risk management.
This illustration is only for learning and sharing purposes, not trading or investment advice in any form.
All the best.
The weekly chart shows the support and resistance to the price movement.
If crosses 1680 and sustains above, it may go into a bullish phase.
Possible targets are 1730/1850/1900++
MACD is also showing a possible crossover.
At the the time of crossing 1730, we will complete the head & shoulder pattern formation which is in progress right now.
Keep in mind that the support seems around 1510, which can be seen at any time of correction.
Better to make the strategy according to the cash segment, which allows us to accumulate many times.
If the price trades below the triangular pattern, this setup will go weak.
Always plan your trade, in any case, the risk-reward ratio must be good. Don't hesitate to exit when hitting your risk management.
This illustration is only for learning and sharing purposes, not trading or investment advice in any form.
All the best.
注释
CMP 1711. Reached around 1720 on 12.07.24. According to the initial setup, one should book partial or full profit. And wait for the next opportunity to buy at lower prices (if comes). Stay tuned.
注释
Hovering near 1725, the crucial price zone. And quarterly results are due today. May see a correction wave or more upside move. Better to wait for a new direction.Stay tuned. All the best.
注释
Reached near the second target of 1850 today. Touched 1844 in the morning.. Stay tuned.注释
A solid move is shown. Crossed the 1850 levels.注释
Crossed 1900 today morning on 29.07.24. All targets achieved. Let's see ahead.
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