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
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
Trade active:
6% up from date of publishing
Trade active:
Good movement. Now you can trail stop to 1,420 and hold till 1,500 where we will book out some profits
Trade closed: target reached:
Upper trendline reached
Comment:
Blasted