AbhishekHSinghCMT
Short

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

NSE:INFY   INFOSYS LTD
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.
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.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Can we intiate short after 15 mins if it hold 986?
+1 Reply
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