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.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.