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

short term trading stocks

Stock Recommendations
by Ruchit Jain Last Updated: 2022-06-28T17:30:13+05:30

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.

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About the Author

Ruchit Jain is Lead Research Analyst at 5paisa. He has a vast experience of 14 years in this field and is proficient in Technical and Derivatives Research. He has completed his CMT (U.S.A.) and has done Masters in the field of Finance at Mumbai University.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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