INFOSYS - ANTICIPATING REVERSAL

Apr 16

Symbol - INFY

INFOSYS is currently trading at 1445.

1450-1400 is a good support area for INFY.

I'm seeing a trading opportunity on buy side.

Buying INFY Futures at CMP 1445.

I will be adding more if 1425 comes & hold with 1395 SL.

Targets I'm expecting are 1495 - 1570 & beyond.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

Apr 16

Trade active

CMP 1421

Adding more position here.
Avg buying price now is 1433

Holding with SL 1395

Apr 17

Trade active

CMP 1415
FUT position currently running in 18 rupees loss.
I'm planning to add INFY 1420 CE if getting near 20-23 rupees.

Holding with 1395 SL.

Apr 18

Trade active

CMP 1422

Long position active.

Apr 19

Trade closed: stop reached

Opened gap down because of results & war news.
1395 SL reached. Trade closed.

Apr 19

Trade active

CMP 1405

Triggered my SL in morning because of volatility due to Israel - Iran war news flow.
Now It's sustaining well above 1400. Hence creating long position in May futures again. Holding with same SL 1395

Apr 22

Trade active

CMP 1422

Apr 23

Trade active

CMP 1443. Previous SL covered.

Holding my long position.

Apr 24

Trade active

CMP 1440

35 rupees in profit.
Holding with CTC SL.

May 21

Trade closed manually

Not moving at all. Closing here at 1445.