TradingView
DSKF16
Aug 7, 2017 6:21 PM

INFY: Take Advantage of Pull Back / Reversal Long

NSE:INFY1D
INFOSYS LTDNSE

Description

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After completion of Ideal & Extended Harmonic AB = CD,
Stock retraced near FIB R 0.50 level.

All Investment related (i.e. short term) levels, Entry / Exit mentioned in Chart.

Intraday Setup:

Buy Above: @ 971.42
TARGET: @ 974.4, @ 976.9, @ 979.3 - @ 982.9 (HZ), @ 992+

Sell Below: @961.5,
TARGET: @ 958.5, @ 956, @ 953.6 - @ 950.1(BZ), @ 940.7


Intraday levels updated in Market hours.

Comment

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Made a Low @ 955.05
Thus Sell View activated & Target Achieved.
"Sell Below: @961.5,
TARGET: @ 958.5, @ 956"

Trade active

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Today's LOW @ 955.05
Short term Buy Level @ 959 - @ 950 (Mentioned on chart as "Best LONG").

Comment

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Achieved TGT #1: @ 971.35
made HIGH @ 973.45
LTP: @ 971.9+

Comment

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achieved Target #2 @ 983.25
LTP: @ 986
made HIGH @ 987.5

Comment

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Achieved Target #3 @ 991.25
LTP: @ 995
made HIGH @ 997
FibonacciAB=CD
Comments
RamThangadurai
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nope don't sell. I dont think it will fall further. already fallen by 10 points.support is seen at the level of 932, 922 but still I dont see volume is there to drive the stock down
DSKF16
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@RamThangadurai, Who told you to Sell, Mention BUY in Chart " BEST LONG @ 959 - @ 950"
Updating as Intraday Sell View Activated & Also two Target @ 958.5 & @ 956 achieved.
RamThangadurai
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@DSKF16, stock is trading in range.
DSKF16
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@RamThangadurai, In drastic fall of Index, some counters Put there shoulder to minimize fall or can say to Guard index. in this juncture Infy is one of them.
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