Technical Analysis of Infosys Stocks for Short Term Trading – June 20, 2022
Looking for short term trading stocks? Find out the stock pick for today.
Short Term Trading Pick for the Day -
Short-term trading involves trading strategies in the stock markets in which the period between the buying and selling of the stock is within a range of a few days to a few weeks.
Short-term trading can give you high returns but it can also be risky. A short-term trade can last from as little as a few minutes to as long as several days. To succeed in this strategy a trader must understand the risks and rewards of each trade.
|
Recommendation |
BUY |
|
Buying Range |
1415-1400 |
|
Stoploss |
1365 |
|
Target 1 |
1465 |
|
Target 2 |
1510 |
1. The IT space witnessing a relative outperformance post the recent corrective phase.
2. The prices have breached the previous swing low but the RSI Smoothed oscillator has not, indicating possibility of a positive divergence.
3. The June series contract witnessed formation of fresh long positions.
4. Hence, we advise traders to buy the stock in the range of Rs.1415-1400 for targets of Rs.1465 and Rs.1510 in next 2-3 weeks. The stop loss for positions should be placed below Rs1365.
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