Infosys - Bang On for Printing@1026 in Zone1024-1027 -What Next?

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Yesterday we played with one of the top most IT company on both the sides- first we got the fall below 1017-1018 till 1008- Booked profits in the zone 1010-1012 & the bounce which was expected till 1024-1027 done today.

It opened up at 1013-1014 &rushed upside for the target 1024-1027 as expected. Till this time, high@1026 has been printed on the screen.

Previous Analysis for stock commentary


Trading Strategy

Scenario-1 - Risky - Taking Stops above 1030 one can take short in the zone 1025-1028 But keep in mind that infy should start trading below 1025 & keeps sustaining below the same for target zone 1003-1007.

Scenario-2 - Safe Traders can take short once Infy holds below 1025 for 30 mins- putting stops above 1030 -Target should be same 1003-1007.

You would love to read my previous updates

Catching The Bottom in Infy from 900-920 zone

All other related analysis are listed below which are connecting parts for Infy trading done from Feb2017.

Latest New Analysis- BPCL- Trend is your friend

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Infy is slowly moving to 1042...
@nitinroman, It will give a dip for buying again.
It is holding below 1025 for whole day.
@nitinroman, Let us not hurry & wait for tomorrow's session to see a best entry or you can take the trade, but stops above 1030 -do not complain of losing 5 points.
1030 sl, cash or future sir.
AbhishekHSinghCMT vinodharshita33
@vinodharshita33, Buddy -TradingView does not have futures -it is cash chart & you need to adjust trading prices as per futures contract-keeping an eye for cash chart & key levels.
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