INFY Channel Breakout
I have made a channel pattern for infy over a month and now INFY has made upper breakout
Entry above 1630 after checking momentum
If momentum is absent expect potential retrace for few days and then bounce back , Book entry anywhere between 1600 - 1630 on retracement
Target = 1700 & above (Target is Discretionary based on momentum hold for next few days)
Entry above 1630 after checking momentum
If momentum is absent expect potential retrace for few days and then bounce back , Book entry anywhere between 1600 - 1630 on retracement
Target = 1700 & above (Target is Discretionary based on momentum hold for next few days)
Trade active
Entered @ 1629.40Note
Up by 10 pts - 1639Note
Up by 20pts - 1649Note
Up by 29 pts - 1658 - Day highWill exit after checking if retracement effect is there or not
Note
Risk Averse can quit, Others can hold with Trail SLTrade closed: target reached
1740Note
Profit = 1740.00 - 1629.40 = 110.60/share
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.