INFY 1H Chart Analysis (Bullish Bat + Falling Wedge)

22 thg 5

INFY

INFY 1H Chart Analysis (Bullish Bat + Falling Wedge)

In this 1-hour chart of Infosys Ltd (NSE: INFY), a Bullish Bat Harmonic Pattern has completed at point D, suggesting a potential reversal zone. Additionally, a falling wedge formation adds to the bullish confluence.

1. Pattern Structure:

The chart displays a complete Bullish Bat Pattern (X-A-B-C-D).
Point D aligns with the PRZ (Potential Reversal Zone), with a CD leg extending \~1.618 of BC, supporting a bullish reversal.

2. Falling Wedge Pattern;

A falling wedge, generally a bullish pattern, has formed from point C to D.
A breakout above the wedge trendline may confirm a bullish move.

3. Price Action:

The price is testing the upper boundary of the wedge.
Buying interest is visible at the P,R,Z near ₹1,540–₹1,545.

Trade Plan:

Buy Entry: Above ₹1,555 (confirmation breakout above wedge)
Stop Loss: Below ₹1,538 (beneath point D and wedge support)

Target 1: ₹1,568 (previous resistance)
Target 2: ₹1,611 (mid-term resistance)
Target 3: ₹1,631 (major swing high)


A strong bullish confluence exists with the harmonic pattern and falling wedge. Wait for confirmation above ₹1,555 before entering. Maintain proper risk-reward with a stop below ₹1,538.

INFY NIFTY CNXIT

23 thg 5

Giao dịch đang hoạt động

trade active and reached and crossed our target successfully, keep holding with trailing sl ( todays low)

happy trading !!

30 thg 5

Giao dịch được đóng thủ công

almost target hit

1550 to 1607+++++

happy trading !!