Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
New York Stock Exchange, Inc. / Information Technology / IT Services
Taking everything into account, INFY scores 7 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, INFY is showing a nice and steady performance.
Besides having an excellent technical rating, INFY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 22.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.58, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for INFY in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.28
5 important support areas can be observed.
- A support zone ranging from 22.31 to 22.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.53 from a horizontal line in the daily time frame.
- A support zone ranging from 20.71 to 20.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.79 from a trend line in the weekly time frame.
- Support @16.44 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 22.79 to 22.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 23.28 to 23.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.81 | 22.30 | 0.51 (2.24%) | 25.00% |
| An entry @22.81. This is a Buy Stop order right above the resistance zone. | An exit @22.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.51 points, which is 2.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- The distance between exit and entry is rather small compared to the average daily movement of INFY. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.