Infy Analysis for positional Trading.
Currently Infy is in Horizontal channel pattern.
Scenario 1 - If nifty price moves above 1340 we can take entry with target of Rs: 1378 and stop loss is Rs: 1323 (This is small buying opputurnity)
Scenario 2 - And Price further continued and if breaks above 1388 then the we can take entry @ 1388 - Target 1453 & 1474, With Stop loss is 1374
Scenario 3 - If price breaks below 1310, then we can go for Short Entry @ 1310 and target is 1247 and stoploss 1323
Scenario 1 - If nifty price moves above 1340 we can take entry with target of Rs: 1378 and stop loss is Rs: 1323 (This is small buying opputurnity)
Scenario 2 - And Price further continued and if breaks above 1388 then the we can take entry @ 1388 - Target 1453 & 1474, With Stop loss is 1374
Scenario 3 - If price breaks below 1310, then we can go for Short Entry @ 1310 and target is 1247 and stoploss 1323
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