NSE: INFY | Timeframe: Daily
Key Technical Observations:
Classic Cup & Handle Formation:
INFY has carved a textbook bullish Cup & Handle pattern on the daily chart, with the "handle" now consolidating tightly near the ₹1,636 resistance.
Price is gathering power for a punchy breakout – reducing volatility and compression signal imminent momentum.
Breakout Trigger at Resistance:
The handle’s consolidation at ₹1,636 shows sellers exhausting, with consistent support from the 50-day EMA.
Watch for a daily close above ₹1,636 to confirm bullish momentum ignition.
Volume-Powered Setup:
Potential surge in volume on breakout would validate the "power gathering" phase.
Trade Strategy:
Entry: Daily close above ₹1,636 (Breakout Confirmation).
Stop Loss: ₹1,530 (below handle low).
Target: ₹1,960 (Measured Move: Cup Depth Projection).
Risk-Reward: 1:3.5 (High-Probability Setup).
Why Trade This?
Pattern Strength: Cup & Handle is a high-probability continuation pattern – especially with 50-EMA confluence.
Sector Alignment: IT index resilience supports INFY’s breakout potential.
Clear Catalyst: Breakout above ₹1,636 opens path for explosive move toward ₹1,960.
DISCLAIMER:
This analysis is for educational purposes only. Not financial advice. Trading involves substantial risk. Past performance doesn’t guarantee future results. Always conduct your own research, consider risk management, and consult a SEBI-registered advisor before trading. Pattern success rates vary based on market conditions.
Key Technical Observations:
Classic Cup & Handle Formation:
INFY has carved a textbook bullish Cup & Handle pattern on the daily chart, with the "handle" now consolidating tightly near the ₹1,636 resistance.
Price is gathering power for a punchy breakout – reducing volatility and compression signal imminent momentum.
Breakout Trigger at Resistance:
The handle’s consolidation at ₹1,636 shows sellers exhausting, with consistent support from the 50-day EMA.
Watch for a daily close above ₹1,636 to confirm bullish momentum ignition.
Volume-Powered Setup:
Potential surge in volume on breakout would validate the "power gathering" phase.
Trade Strategy:
Entry: Daily close above ₹1,636 (Breakout Confirmation).
Stop Loss: ₹1,530 (below handle low).
Target: ₹1,960 (Measured Move: Cup Depth Projection).
Risk-Reward: 1:3.5 (High-Probability Setup).
Why Trade This?
Pattern Strength: Cup & Handle is a high-probability continuation pattern – especially with 50-EMA confluence.
Sector Alignment: IT index resilience supports INFY’s breakout potential.
Clear Catalyst: Breakout above ₹1,636 opens path for explosive move toward ₹1,960.
DISCLAIMER:
This analysis is for educational purposes only. Not financial advice. Trading involves substantial risk. Past performance doesn’t guarantee future results. Always conduct your own research, consider risk management, and consult a SEBI-registered advisor before trading. Pattern success rates vary based on market conditions.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。