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
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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.
We will avoid taking sell -if taken in between 956-958 be careful or kindly exit as suggested above.
Trade active
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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
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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
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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
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13:23 Hrs 4th July2017
Last Price@967
This update is closed.
Comments
Numbercruz
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Really...
dashmeshpopli
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@AbhishekHSinghCMT I shorted infy @958, what do u suggest now. Should I book the loss?
WaveTalks
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@dashmeshpopli, Yes Infy will come down only once it starts trading below 955 on upside it can extend atleast 970-975
VadivalPranchi
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entered short with a PE for double top reversal
VPS
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Do you think that Infy is breaking out of the descending trendline?
WaveTalks
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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.
VPS
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@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.
gauravsuri17
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@AbhishekHSinghCMT, Bro booked infy @965 will wait for your next update