AbhishekHSinghCMT
Long

Infosys -Earnings Day-Trendline To Push Upside above 1010

NSE:INFY   INFOSYS LTD INR5
466 4 7
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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+
Infy- Double Power- Bottoms & Trendlines- Can it hold?


Falling exactly from 1030's
Infosys- Bang On!-Falling Exactly from1030


Magic of X-Factor@1040
Infosys- Magic of X-Factor@1040- What Next?


Ending Infy             move right at the top zone 1040-1045
Infosys- Risk of Ending Diagonal to end the move@1042


Selling the top@1005- Crossing the Bullet Train
Infosys - 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.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
@Abhishek H. Singh, Infy is retesting 900-920 levels as per your analysis in scenario 4. now what should be done at current levels.
Reply
@butterfly87, It is hardly moving -same here as well we want market to be interested then we will express our interest.
Reply
Abhi Any Option Idea for the Volatility in Infy ?
Reply
@HappyVijay, Hi Vijay, I don't trade options. You better join Indian chat room where you can chat with someone who is options expert.
Reply
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