Infy historically did not give much return to shorters post results even it missed the earning estimates. Post results it moved up or sideways and did not leave good RR for shorters. This time results are out on 04/13. Price is already trading below 21 MA, if short now target should be 1700.
Release Date
13-Apr-22
14-Apr-21
20-Apr-20
12-Apr-19
13-Apr-18
12-Apr-17
14-Apr-16
Release Date
13-Apr-22
14-Apr-21
20-Apr-20
12-Apr-19
13-Apr-18
12-Apr-17
14-Apr-16
Comment:
See the level, bang on, further 50 point down move and then exit.
Trade closed: target reached:
Target achieved, we can book the profit or trail. As i mentioned above, post results infy always recovered from the lows. So booking is prefered.