INFY
INFY - Update for Long IdeaHaribol !,
Had Bought the stock yesterday( Infy Long) as per the linked idea below.
Now moving stop loss at break even( Buying price of 815.70)
Even if it comes down i don't loose anything, but if it goes up i make some money.
Always respect the unpredictability of the markets and take the profits when they come.
Always keep your trading professional
Good Luck
INFY SHORT ZONE ANALYSIS IN ADVANCE (INTRADAY SCALPING)Haribol!
INTRADAY SCALP FORMING
INFY HAS OPENED IN RED AND CONTINUED MOMENTUM SUGGESTING LARGE SELL ORDERS SITTING.
LOOKING OUT FOR SOME NICE REACTION TO GO SHORT from RED ZONE
If u guys like then please follow me here and my twitter handle Tradingvahni.
Good Luck
Infy | Breaks out of ConsolidationInfosys has broken out of a long consolidation range and further we could look at a trendline resistance cracked. Daily candles have been solid for past couple of days. Noticeably, breakout candle had massive volume. These factors advocate strong bullish bias. Potential magnitude of upward movement can be derived from the depth of the consolidation which suggests a 72 pts move towards north i.e. to 844.
Though the stock will most likely hit 840 region, it will not be without minor corrections. Even round number 800 could be a point of such a pull back. Hence longs are advised to have trailing stop loss. If trailing stops are hit, further longs can be initiated if the previous highs are broken in lower time frames, say Hourly or 4 Hour chart.
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