AbhishekHSinghCMT

Infratel- Trade between 414-325 -Hold your nerves

NSE:INFRATEL   None
3
If you can't move with the market-this trade setup is not for you.

Bollinger Bands are horizontal stating that the stock is trading in a range bound market.

It's a sideways market for Infratel- prices are moving into the zone between 414-325 which is a no trade zone or look for buying opportunities at lower range with 325 as key support & targets upside or look for sell once it moves close to 414 on top- holding that level as key resistance & traders could sell for downside targets keeping one thing in mind -this setup is not for traders who are expecting big moves up or down-which it will start only once it moves above 414 or goes below 325.
Trade active: 10:07 Hrs 13th Dec2016

Last Price@356

Higher possibility is downside going into April- May2017 where it should settle down. That all happens if we get a chance to sell close to 425 -holding as resistance on top.
Trade active: 11:43 Hrs 10th Jan2017

Last price@353

Jumped exactly from 324-325 the zone mentioned in the update- to current price@353- Wow!

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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