Infosys- In the channel above 938 for 955-960

616 9
A short term channel to trade for next trading session. Looking for 955-960 above 938. Gap zone 925-930 provided good support with volume to Infy which was visualised in time & we took advantage as well.

Previous Update - Infosys - Fallen from heaven at 1000@26th May2017
Trade active: 11:29 Hrs 3rd July2017

Last Price@947

Close to previous high 947-948
Trade active: 11:36 Hrs 3rd July2017

Last Price@942

Turns from Previous High Zone 947-948. Next set of buying above 948 or at some correction to 933-936 Zone holding 925 below as stops.
Trade active: 12:03 Hrs 3rd July2017

Last Price@948

Have you seen the movie "Dum laga ke haisha"- Infy is showing the "dum- power"
Trade active: 12:22 Hrs 3rd July2017

Last Price@948

Resistance Zone 947-948 acted as support zone 946-948 -This is called polarity reversal that means earlier resistance is playing a role of a hero- "dum lage ke haisha"

Trade closed: target reached: 15:27 Hrs 3rd July2017

Last Price@953.15

Just shy of 955 -Made high at 954.50

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Excellent Call Sir. dID SOME TRADING AND MADE 5 POINTS. eNTERED AT 941 AND EXITED AT 947. Infy is at 951.90 . Will it achieve 970 and above?
@guide733, Welcome. If it crosses 960+ then we can see 965-970 but be careful if 900 breaks then it can be trouble for IT giant.
Sir,is good time to buy now
AbhishekHSinghCMT bhaskaraddanki
@bhaskaraddanki, I said earlier -gap zone is important -if protected downside. it will push to 950+
abhinavk31 AbhishekHSinghCMT
@AbhishekHSinghCMT, should I book profits around 945?
@abhinavk31, Book partial & try to re enter at some dip or above 948
SatyamMishra AbhishekHSinghCMT
Already long @930
perfect sir
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