📲 INFY – Reversal Setup in Making?
With most of the global negativity already priced in, the IT sector is showing early signs of stability. INFY is forming a structure that can lead to a trend reversal, provided key levels are reclaimed.
📌 Trade / Investment Plan
• CMP: ₹1562
• Stop Loss: ₹1390
• Targets: ₹1644 / ₹1724 / ₹1953
📍 Structure & Logic
• Global slowdown & US concerns already factored into price
• IT basket showing relative strength vs fear
• Higher stability forming at base
• Above ₹1650, an Inverse Head & Shoulder pattern gets invalidated, which often leads to strong upside
• ₹1645–₹1650 = Major resistance zone
• Break & hold above this zone can accelerate momentum
⚠️ Buying Strategy
Start with small position sizing and follow a staggered accumulation strategy. Increase position only after targets start getting achieved or after a strong breakout above resistance.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
With most of the global negativity already priced in, the IT sector is showing early signs of stability. INFY is forming a structure that can lead to a trend reversal, provided key levels are reclaimed.
📌 Trade / Investment Plan
• CMP: ₹1562
• Stop Loss: ₹1390
• Targets: ₹1644 / ₹1724 / ₹1953
📍 Structure & Logic
• Global slowdown & US concerns already factored into price
• IT basket showing relative strength vs fear
• Higher stability forming at base
• Above ₹1650, an Inverse Head & Shoulder pattern gets invalidated, which often leads to strong upside
• ₹1645–₹1650 = Major resistance zone
• Break & hold above this zone can accelerate momentum
⚠️ Buying Strategy
Start with small position sizing and follow a staggered accumulation strategy. Increase position only after targets start getting achieved or after a strong breakout above resistance.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.