INFY Trendline Support

Oct 25, 2023

INFOSYS has shown some sort of demand on 1hr timeframe right at the lower trendline which has been forming since 6+ months. One can make long position in the same with a target of the upper band of trendline.

Stop Loss: SL has to be below 1,325

Entry: Entries can be made after formation of a strong candle on hourly timeframe which is also backed by strong volumes

Target: Upper trendline, 1,490 - 1,500

Nov 16, 2023

Trade active

6% up from date of publishing

Dec 4, 2023

Trade active

Good movement. Now you can trail stop to 1,420 and hold till 1,500 where we will book out some profits

Dec 8, 2023

Trade closed: target reached

Upper trendline reached

Dec 15, 2023

Note

Blasted