Infosys -Earnings Day-Trendline To Push Upside above 1010

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Earnings on 13th April2017

We all know what happens on earnings day of Infosys- very volatile & you have to tighten your seat belts so that you are not thrown out, when Infosys is given a driver's seat.

Alternate Scenario- A complex correction unfolding since 1280 Highs

Thanks to the follower who updated that 13th is an earnings day & since I have been tracking this stock for long time when it started moving from 900-920 zone bottom in early Feb2017.

Infosys reversal at 950 has taken support of trendline & gave sharp move on 11th April2017- making a new high@972 & spent whole day sideways.

Important Levels

1009- Key Resistance
1040-1045 Critical Resistance
950 - Key support
900- Critical Support

Trading Strategy

Scenario-1
Moving above 972 & holding above 970 -we will look for upside push atleast till 980-990 zone -in between we have our key level 986 as well.

Scenario-2 on account of results on 13th April2017 -if Infosys extends move above 1000 & crosses 1005-1009 zone then it can react sharply upside so long positions can be holded till the the time extended move stays above 1009

Scenario-3 If critical resistance 1040-1045 is crossed then it can be up-up away scenario.

Scenario-4 if Infy kisses 980-990 zone & starts down move because of undue selling pressure then we continue back with selling & going below 950 -all chances that it retest 900-920 zone.

Trading Infosys on earnings day has to be done with proper risk management as it can hurt traders badly if it goes against .

I have given support & resistance levels so that one can manage risk properly.


To All New Followers,

Previous Update
Double Power pushes infy from 900 to 1000+

Falling exactly from 1030's

Magic of X-Factor@1040

Ending Infy move right at the top zone 1040-1045

Selling the top@1005- Crossing the Bullet Train

Trade active:

09:16 Hrs 13th April2017

Last Price@973

Target Reached in 1st trade of the day & kissed 990 as expected.

Comment:

09:17 Hrs 13th April2017

Last Price@949

Key Support Broken -950

Selling as expected also happened from 980-990 - we shall follow earlier post now as 950- key support broken.

Trade closed: target reached:

09:45 Hrs 13th April2017

Last Price@946

Scenario -4 Target achieved for upside above 972 to 980-990 zone & later fall due to undue pressure for 950 & even lower - Target achieved.

We are closing the post.