Infy
Cmp 759
Observations
- The stock has been in the uptrend again since Sept 2017
-interestingly we see the stock facing resistance again at blue trend line in Sept 2018
- on the upside 680 - 702 might act as potential resistance zone
- a weekly close below 631 might signal crack in the trend and open up doors for potential fall up to 555 [/b
Pattern gets invalidated if Infy gives a weekly close above 705
Take care...!!!
You can find links to Previous coverage on the stock below
Cmp 759
Observations
- The stock has been in the uptrend again since Sept 2017
-interestingly we see the stock facing resistance again at blue trend line in Sept 2018
- on the upside 680 - 702 might act as potential resistance zone
- a weekly close below 631 might signal crack in the trend and open up doors for potential fall up to 555 [/b
Pattern gets invalidated if Infy gives a weekly close above 705
Take care...!!!
You can find links to Previous coverage on the stock below
Trade active:
Infy
CMP 675
Stop loss if closing above 705
CMP 675
Stop loss if closing above 705
Trade active:
High made after reco 676.40 on 12 Nov
CMP 645
Thats almost 4.5% for the taking so far.
Hope you all enjoyed...!!!
Depending on your risk appetite one may consider to book profits.
Positional traders can observe till Friday. If Infy closes below 630 then continue to hold. Square off if it hold 630. Trail stop loss to 665. This will ensure profitability in the position
Take care and safe trading...!!!
CMP 645
Thats almost 4.5% for the taking so far.
Hope you all enjoyed...!!!
Depending on your risk appetite one may consider to book profits.
Positional traders can observe till Friday. If Infy closes below 630 then continue to hold. Square off if it hold 630. Trail stop loss to 665. This will ensure profitability in the position
Take care and safe trading...!!!
