AbhishekHSinghCMT

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

Long
NSE:INFY   INFOSYS LTD
7
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


Analysis

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
​Growth Director - TradingView India

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