INFY available at good price, khareedo bindaas 1258-1308
INFY is down by 30% from its high made in Jan'22, and now available at good risk reward ratio. Its near good support zone and entry in the price range with 30-40% plan qty near 1258-1308 (which was price May'21) looks good. In my opinion if any fundamentally strong company is available at good risk reward zone then we should plan an entry but with risk management in place. Only problem right now is RSI which during May'21 was in the range of 60-70 which is now at 37. Thats the reason I am asking to enter only with 30-40% plan qty and more once price close above 1476.
Enjoy
Enjoy
Trade active:
11% move already came from given levels, now SL should be trailed to 2/4 hour Swing low to avoid any loss in the trade.
Trade active:
Caution advised script is nearing important FIB resistance of 0.618 at 1533. Either book some near 1525/1530 or bring SL higher so that we dont lose any money in this trade and bring home some gains. Happy Diwali
Trade active:
Price took resistance exactly at 1.272 fib levels, above this level 1601-1619 gets open. People who took this trade should bring their trail SL now at 1549 so that we dont lose out any gains.
Trade closed: target reached