InsiderB
Short

Infy : Need to Debug IT !

NSE:INFY   INFOSYS LTD
Triangle breakout - downside : so obviously short positions in Infy             . There is a wick pierce our of triangle , I feel that's just market makers who took stops of retail traders while going bearish but we can't say for sure also. Anyway look for further downmoves unless it(IT) is debugged !
nice trading style,
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My targets for Infy is 866 / 824 / 797 / 730

SL 1020

Thats my long term view

snapshot


Take care & happy trading...!!!
+1 Reply
InsiderB TOP indiamarketoutlook
@indiamarketoutlook, Completely agreed with you, I'm also waiting for that triple support zone to break
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@InsiderB, Upside looks limited for sure now... Heavy call writing seen at 940 / 960 / 980 Call options today... Infy traders writing off & saying goodbye to 1000+ levels confidently

Now it's just a matter of time... i'm not in a hurry though ;-)
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Be careful Bug may bite you,
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@AMBRISH, Can't do anything now, took positions. Either Bug bites Me or I kill the bug ! :)
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AMBRISH InsiderB
@InsiderB, Do or Die, i just commented on title,
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hoping it will go WITH THE ARROW .... :D
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InsiderB TOP AkshatPatwa
@AkshatPatwa,Not Everytime, It's bit too much of expectation :)
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@InsiderB, :D
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