Infosys Technical Analysis: Breakout Strategy
Daily chart breakout. Buy above 1790.
RI
by RA ALOK DAIYA SEBI Reg. INH000011468
About Infosys
Infosys is a global leader in technology consulting and services. Headquartered in Bangalore, India, the company employs over 300,000 people worldwide.
Entry Strategy
1
Identify Breakout
Daily chart shows clear resistance at 1790.
2
Confirm Volume
Look for increased volume supporting breakout.
3
Execute Buy
Enter long position above 1790 price level.
Risk Management
Stop Loss
Set at 1736. 3% below entry.
Position Sizing
Risk 1-2% of trading capital per trade.
Trailing Stop
Adjust stop-loss as price moves in favor.
Target Levels
Consider partial profit-taking at each target level.
Additional Considerations
1
Market Sentiment
Monitor overall market conditions and sector performance.
2
News Events
Be aware of upcoming earnings reports or announcements.
3
Timeframe
Hold position until end-of-day stop-loss triggered.
