AfnanTAjuddin

Infosys - low risk high reward long Swing trade opportunity

NSE:INFY   INFOSYS LTD
  • Infosys is currently trading within a robust support zone that is visible on both monthly and weekly time frames.
  • The stock has already responded positively to the weekly demand zone and formed a bullish engulfing candle on the weekly time frame.
  • Additionally, selling volume has been decreasing, and a bullish divergence has emerged on the daily time frame as confirmed by the Wave Volume Divergence Indicator.
  • A strong support line, represented by the purple line plotted on all three time frames, making it a low-risk, high-reward trade opportunity to initiate a long position near that level.
  • The Daily Time frame displays a 1:2 position, and the first target has been identified. To maximize potential profits from this trade, traders can trail both their Stop Loss and Target.

In conclusion, Infosys is currently presenting an enticing trading opportunity, as it is trading within a robust support zone visible on multiple time frames, and has formed a bullish engulfing candle on the weekly chart. Coupled with a decrease in selling volume and a bullish divergence confirmed by the Wave Volume Divergence Indicator, it appears to be a low-risk, high-reward trade to initiate a long position near the strong support zone.

I am not a SEBI registered individual; my analysis is only for educational purposes.
If you find my analysis helpful, I'd appreciate it if you could like it and follow me on TradingView for more analysis like this.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.