Infy: Is this a possible Head & Shoulder in the making...???
Updated
INFY
CMP 955
Just an observational view so far....
Confirmation will come only below 900
There is a Minor support around 933-940 zone
&
Above 965 the stock can rise to 979-988 or even 1000 odd levels
However from current levels
Target zone comes around 800
Stop loss tad above 1000 /1020
Risk: Reward ratio:
50::150 i.e 1::3
This is a positional medium term view and not a day trade or monthly view & could be a tricky one...
So Review your trading plan & if it suits you Plan your trade accordingly...
Take care & safe trading...!!!
CMP 955
Just an observational view so far....
Confirmation will come only below 900
There is a Minor support around 933-940 zone
&
Above 965 the stock can rise to 979-988 or even 1000 odd levels
However from current levels
Target zone comes around 800
Stop loss tad above 1000 /1020
Risk: Reward ratio:
50::150 i.e 1::3
This is a positional medium term view and not a day trade or monthly view & could be a tricky one...
So Review your trading plan & if it suits you Plan your trade accordingly...
Take care & safe trading...!!!
Trade active
From 955 to 937...Moving on expected lines
Take care & safe trading...!!
Enjoy ur weekend...
Trade active
As per Fibo below 910 next support 824
Take care & safe trading...!!!
Trade active
CMP 928Revising stop loss from 1020 to 988 on closing basis
Trade active
InfyCMP 979
The stock has made a high of 989 so far and retraced
That is what charts were suggesting...
Above 965 the stock can rise to 979-988 level...
and we were prepared for it with our plan...
Take care...!!!
Note
We have sold Infy July series 980 Call Option at 36Do review your trading plan and plan your trade accordingly...!!!
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