INFOSYS - ANTICIPATING REVERSAL

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!

Trade active:

CMP 1421

Adding more position here.
Avg buying price now is 1433

Holding with SL 1395

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.

Trade active:

CMP 1422

Long position active.

Trade closed: stop reached:

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

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

Trade active:

CMP 1422

Trade active:

CMP 1443. Previous SL covered.

Holding my long position.

Trade active:

CMP 1440

35 rupees in profit.
Holding with CTC SL.