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.
@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.
vinodharshita33
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1030 sl, cash or future sir.
WaveTalks
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@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.