Technical Analysis of Infosys Stocks for Short Term Trading – June 20, 2022

Ruchit Jain Ruchit Jain

Last Updated: 7th September 2023 - 05:09 pm

Listen icon

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.

 

infy

 

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.

FREE Trading & Demat Account
Open FREE Demat Account with endless opportunities.
  • Flat ₹20 Brokerage
  • Next-gen Trading
  • Advance Charting
  • Actionable Ideas
+91
''
By proceeding, you agree to our T&Cs*
Mobile No. belongs to
hero_form

Indian Stock Market Related Articles

Key Tax Reforms to Watch in Budget 2025

by 5paisa Research Team 31st Jan 2025

Key Industries Set to Gain from Budget 2025

by 5paisa Research Team 29th Jan 2025

Stocks to Watch Before Budget 2025

by 5paisa Research Team 29th Jan 2025

How Will the Stock Market React to Union Budget 2025?

by 5paisa Research Team 30th Jan 2025

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91

By proceeding, you agree to all T&C*

footer_form