Infy: Is this a possible Head & Shoulder in the making...???

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...!!!

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 928

Revising stop loss from 1020 to 988 on closing basis

Trade active:

Infy
CMP 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...!!!

Comment:

We have sold Infy July series 980 Call Option at 36

Do review your trading plan and plan your trade accordingly...!!!