INFOSYS is now present at important support zone1265 ,( june 9th) also same place support has been take and good rally upside has been seen 1260 zone also has huge PE writing in option chain which may also act as support so combining all the factors it should be bullish untill price stays above 1265
Comment:
Untill price sustains below 1265 do not go short.,(W Pattern) in 15M time frame above 1279 zone looking bullish chek proper RISK REWARD before entry
Trade active:
View: Bullish
view change: below 1265
oi range: 1260 to 1300
1269 resistance b/o go long + there is PDH also present ,if price falls towards 1285 support level bullish reversal go long ,,(if entered long at 1297 zone means be cautious
as 1300 is resistance in OI use trailing sl,, protect profits .
view change: below 1265
oi range: 1260 to 1300
1269 resistance b/o go long + there is PDH also present ,if price falls towards 1285 support level bullish reversal go long ,,(if entered long at 1297 zone means be cautious
as 1300 is resistance in OI use trailing sl,, protect profits .