Infy : The Bull Flag

Jan 20, 2019

Notes on the chart
Regards

Jan 20, 2019

Note

S1 is 729 and S2 is 726

Flags are little tricky to play but if and when then fructify, they yield handsome return.
E.g. look at the following chart of Wipro


The spikes in candle A and B faked out the breakout attempts. In this setup it's good to be shaken off early for a breakout entry (on an intraday trade) because many a times the flag continuous it's development and breaks the preceding swing point.
One may enter again above the spike in such a case.

All the best.

Jan 21, 2019

Note

I ll close the trade at 747

Jan 21, 2019

Trade closed manually

@ 745. Facing some hiccups. That's 10 pints in 30 minutes. Not bad :i

Jan 21, 2019

Trade closed: target reached

T1 done

Jan 21, 2019

Note

Infy @ 750 now. May face some psychological resistance. Heading for T2