Refer chart.. Vijayaraghavan.K, Chennai.
INFY complete AB=CD pattern Expect Target 714 & 643
BTST IN INFY ON CONDITIONAL BASIS MUST CLOSE ABOVE 746.5 ON CLOSING BASIS JAN FUT BUY@747.5 STOP@737.5 TARGET@760 LOT:1200 QTY:1
SELL UPL IF Breaks 762 , for target 756
HCL TECH CMP 639.90 The stock near an important level which has acted as support for some time now. A break and close below 635 may lead to further fall up to 882 levels. Alternatively one may consider the following strategy Sell HCL TECH Jan expiry 660 CALL OPTION around 22 Lot size 700 The strategy has a max profit potential of Rs 15400 if HCL closes...
Looks like good r/r for short term trade. On the higher time-frame it appears the price action could remain in consolidation. To me it appears that this trade would complete in the next 2 days.
TCS CMP 1907 Below 1950 the chart setup suggests weakness in stock price. It may come down to 1800 and could possibly even drag down to 1600 in the coming weeks/ months. A close above 1980 may invalidate the chart pattern. Stay cautious and trade accordingly.
Infosys CMP 659 The zone of 665-675 is an important level for Infosys. Weakness will be confirmed once it closes below 644 Alternatively one may consider the following strategy for Infy Consider selling Infosys 680 Call option for Jan series Lot size 1200 CMP 21 Max profit potential ₹25200 per lot The strategy will have an in built loss protection cover...