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raj3elite
Jan 12, 2017 3:26 PM

Result Day & Symmetric Triangle on Infy - NEUTRAL  

INFOSYS LTDNSE

Description

Symmetric Triangle on Infy and either way to go.

Note : Please trade with cautions, due to result.

Make or Break

Levels to Make:
Level 1 - 1028
Level 2 - 1052

Levels to Break:
Level 1 - 945
Level 2 - 925

"Happy Trading"

Trade active

Hit on upper side and fall back to triangle... It always happen on result day...

Trade active

infy falling from make to break side... now price near to break side level 1 - 945

Trade active

Level 1 - Achieved

Trade active

Heading to Level 2.

Trade closed: target reached

Comments
rohitshakti
Sir, I hold 1020 CA & 980 PE @ 22 each, pls give your views when & where should I exit?
raj3elite
@rohitshakti, i am not sure about options...
WaveTalks
I hate INFY- specially on result day -at times it moves so choppy that stops for both the camps are hit.
raj3elite
@AbhishekHSinghCMT, hahaha... me too...
ms555
made*
raj3elite
@ms555, yeah today i have done day trade.
ms555
@raj3elite, any carryforward position?
raj3elite
@ms555, nope, it's risky to have a positional trade on before the result day. Do u having any position on INFY ?
ms555
@raj3elite, VERY TRUE theirs a lot of risk.Though i thought Infy will declare results after markets open. I have shorted 1000 CE & Long on INFY 270 shares.
ms555
@raj3elite, As VIX on that strike was very high as compared to historical level!
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