AbhishekHSinghCMT
Short

Infosys - Did you turn your position at 955-960- Channel God

NSE:INFY   INFOSYS LTD
740 26 17
In last update as mentioned below -it was nice rally above 938 to 955-960 zone which got completed today. Did you turn your position upside down from 955-960 Zone.

We shall look for 935-937 & likely if takes support or below channel fails then 925-927 Zone. If missed then wait for a bounce from 951 to 955 Zone. keeping Stops above 960 -one can execute the trade or if starts trading below 946-948 Zone.

Previous Update- Above 938 to 955-960 - Awesome kissed 956.85
Trade active: 10:39 Hrs 4th July2017

Last Price@956

It bounced back from 951 to 955+ as we were expecting we will see if it gets resistance or see selling pressure not going above 960 level.
Trade active: 10:55 Hrs 4th July2017

Last Price@958

It should not cross 960 on upside.
Trade active: 10:59 Hrs 4th July2017

Poked above 960

We will avoid taking sell -if taken in between 956-958 be careful or kindly exit as suggested above.
Trade active: 11:07 Hrs 4th July2017

Last Price@957.50

Can't help but that is the fact it just went to take stops which were sitting on top

There is a bearish butterfly in 961-962 zone

This trade is for risky traders as no stops.

Trade active: 12:17 Hrs 4th July2017

Last Price@960

Testing your patience. It will do so -if you want to become best trader - patience will be required.
Going below 955-957 - Likely, we see the Infy moving down.
Trade active: 13:08 Hrs 4th July2017

Last Price@965

This is one of the previous updates where I have mentioned as last comment that Infy above 947 can touch 965-975 zone as well.

Going below 955 we will follow current update.

But now we have lost 10 points above 955 so we won't hurry in the trade. Yes you can take long positions but keep in mind -Infy should not move below 960 & later 955 before touching 975.
Trade closed manually: 13:23 Hrs 4th July2017

Last Price@967

This update is closed.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
@AbhishekHSinghCMT I shorted infy @958, what do u suggest now. Should I book the loss?
Reply
@dashmeshpopli, Yes Infy will come down only once it starts trading below 955 on upside it can extend atleast 970-975
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entered short with a PE for double top reversal
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Do you think that Infy is breaking out of the descending trendline?
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@VPS, It can be -if you remember I have mentioned moving above 960-962 -Infy can touch 965-975 target zone. Yes, this can taken into effect but how far will it go that is an important question.
Reply
VPS AbhishekHSinghCMT
@AbhishekHSinghCMT, True. Can't say for sure how far up it will go. The breakout is not accompanied by a huge volume as of now. Being a daily candle, it is yet to close.
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gauravsuri17 AbhishekHSinghCMT
@AbhishekHSinghCMT, Bro booked infy @965 will wait for your next update
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@gauravsuri17, Nice Man -From which level.
Reply
gauravsuri17 AbhishekHSinghCMT
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@gauravsuri17, Good.
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