Infosys - Hat trick gone -Can it be Straight Flush for 975

Straight Flush /Royal Flush - term used very often in the game of poker can make you win the pot. Poker is the game of gambling, strategy & skill whereas Trading is the game of speculation, strategy & skill with small difference between gambling which is wagering money for uncertain outcome whereas speculation is taking calculated risk for an uncertain outcome.

We bunch of traders take calculated risk for an uncertain outcome but once you combine it with proper strategy - chances of favourable outcome becomes more as compared to the other one.

Straight Flush
920 ( Mini Bottom) to 945-947- High shown as 948
947 to 925-930 Gap Zone - Low shown as 926
938 to 955-960 ( Also mentioned in update above 960 can kiss 965-970) - High of the session 970
Below 955 for 946-948 Zone
Finally flush for 975 - can this be possible- I don't know -time will let us know. What we know is we will take calculated risk of 5 points stoploss once it starts moving above 950.

Trading Strategy
We will search for buying opportunity in the zone 945-950 which is assumed to be good resting place for Infy. Our call gets triggered once it moves above 950 with stops below 945.

Target Zone
We are looking for 970-975 as that is the zone where Infy had earlier problems so we shall book complete.

Previous Update - Fallen from heaven at 1000@26th May2017

Previous Update - In the channel above 938 for 955-960

Trade active:

15:20 Hrs 5th July2017

Last Price@951.90

Low of the day is 945.45- Infy turns upside

Our stops for this one is 945 & below. We are in the trade.

Trade active:

12:45 Hrs 6th July2017

Last Price@952

You can't get better than this one- again re-entry at 945.50 just above the stops of 945.

Trade active:

12:55 Hrs 6th July2017

Last Price@252

We have strict stops below 945 so we are not losing anything -even if trade goes against us from this point & we wait for 970-975 target on upside.

Trade active:

15:05 Hrs 6th July2017

Last price@950

We will now trail with stops below 948 & Hold.

Trade active:

15:07 Hrs 6th July2017

Last Price@950

Mini Support at 948

Comment:

15:19 Hrs 6th July2017

We compensated infy waiting period by selling Hindustan Zinc below 268 for targets 265-265.50 - It is just about to kiss 265.50 .

Trade active:

07:59 Hrs 7th July2017

Last Price@947

It went to high of 957 & struggled. This zone of 945-950 is still valid if it holds as support.

Trade closed manually:

Closed