INFOSYS - PINBAR! Great!! ( Short-term )

Jan 28, 2017

CMP - 942.65

Infy has formed a pinbar on a strong weekly support.
Also, you can say it's a double bottom on recent data.

I have drawn the various levels you should be aware of.

Everything is there on chart.

You can trade accordingly with your strategy.

Thanks.

I'll update the idea whenever I'm watching it.
If you have any doubts, opinion or clarification, you can make a comment, I'll reply.

Jan 30, 2017

Trade active

Jan 31, 2017

Trade closed manually

Not showing strength. Closed manually . CMP 935. 7 points loss. A small one , less than 1 percent.

Jan 31, 2017

Note

Got saved again. Charts tell the story before the news. We exited before Trump news of H1-B Visa.

Jan 31, 2017

Note

You can look at shorting for mid-term, bad news has made it breach the weekly support.

Feb 10, 2017

Note

Short-term didn't work due to lot of news, but positional SL worked great. I hope positional traders made money :)

Feb 13, 2017

Note

So much news surrounding Infosys but price action telling the true story. Up up up from weekly support.

Lesson revisited : read the terms news but trade the price action nit opinions.

Let's see how it behaves after reaching the pink trendline if it does.

Feb 13, 2017

Note

Next : Keep an eye on 1000-1010 levels. Should halt there.

Mar 15, 2017

Note

Target 3 reached. Purpose of chart over. Closed.