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Infy : The Bull Flag

NSE:INFY   INFOSYS LTD
Notes on the chart
Regards
Comment: 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.
Comment: I ll close the trade at 747
Trade closed manually: @ 745. Facing some hiccups. That's 10 pints in 30 minutes. Not bad :i
Trade closed: target reached: T1 done
Comment:

Infy @ 750 now. May face some psychological resistance. Heading for T2
How to decide T1, T2, S1, S2? Pls. Guide!
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Bravetotrade pravinosharma
@pravinosharma, those are simply the immediate support and resistance levels drawn on the chart.
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