LazyBullear
Short

[Positional] Infosys

NSE:INFY   INFOSYS LTD
583 views
8

There was a harmonics sell zone from 940-945 and it couldn't sustain that level.
Now if it breaks today's low, it will go for gap fill on downward.

So sell on day low's break with day high as SL and target can be 850-860
Expecting Infosys to retrace gap fill and then start the upward journey again. It has given a BO from 850 levels

Trend is overall positive. I am just betting on gap fill.

Disclaimer: I am not a SEBI Registered Analyst. This is for educational purpose. Please take position after consulting your advisor.
Comment: This view didn't trigger but it is at harmonics level now.. can retrace back..
watch for reversal sign tomorrow

Comments

I think avoid short trade...there is a another demand zone @ 870.
Reply
LazyBullear Swapilchoksi
@Swapilchoksi, Yes, I am just expecting the gap fill which might not happen too. Also whole IT sector is bullish at the moment so this may never trigger as well.
Reply
Swapilchoksi LazyBullear
@LazyBullear, Oh ok... It was my mistake. U have mentioned for a short trade below 890. even i do agree below 890 it may test 870. According to the option data I don't think so it it will sustain below 900 unless and until it will open gap down. Also heavy put writing position was created in 900 put on the on 16th.
Thank x :)
Reply
vs6681 LazyBullear
@LazyBullear, It will come down for GAP filling and then will reverse to upside... Good Analysis..
Reply
Hammer at the top followed by indecision candle. could be a perfect island reversal pattern if it breaks on the down side.
Welcome to the trading view community !!!
Reply
LazyBullear stocksinboxx
@stocksinboxx, Thank You!!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out