Infosys - Harmonic Bearish Bat in 984-986 for 965- 935

Jul 23, 2017

Once Infosys travels to 984-986 Zone & faces resistance in next session.

When to execute the trade
Fist we need see Infosys moving in the zone 984-986 & facing resistance - means getting tough to move upside as first requirement - later once it starts moving below 980 mark then Traders can take sell position with stops above 991 or day high stops for 24th July2017.

Targets
965 - 935

Risk Management
We are trying to address risk management which is very important for trading & have attempted to answer that question in above analysis. Going in the the zone 984-986 & facing resistance -later falling below 980 shall be trigger for taking sell position with stops above 991 or day high for Monday 24th July2017 which ever is higher.

Jul 24, 2017

Trade closed manually

14:20 Hrs 24th July2017

Last Price@991

Pattern Invalidated by moving above X-level- Call did not activate as it was suppose to hold 984-986 & later it was suppose to move below 980 - did not happen.