1 However infy has closed above 20 days daily moving average which is positive for it 2 my target is 758.
LET US SEE HOW FAR IT GOES. STOCK IDEA PUBLISHED ON 25/07/2019. PLEASE SEE ATTACHED FILE.
WAITING FOR IT TO REACH MY TARGET. FIND ATTACHED CHART. ALMOST ALL OF MY CALLS IN JULY REACHED THE TARGET. BANK NIFTY CALL AFTER BUDGET DAY ON 07/07/2019 DID EXCEPTIONALLY WELL
CONTRA CALL IN LINE NEXT TARGET? WILL UPDATE SOON IF NIFTY DOES NOT FALL TO 10960?
1 NIFTY YESTERDAY CLOSED ABOVE IMP SUPPORT 10962 2 UNDER TODAY'S MARKET CONDITION THIS IS COMPLETELY CONTRA CALL. 3 YESTERDAY'S CLOSE IS IMP LEVEL. 4 THIS POST IS FOR STUDY ONLY.
SEEMS COMING DOWN BUT VERY STRONG STOCK SHORT WITH PROPER STOP LOSS
IDEA PUBLISHED ON 07/07/2019. PLEASE FIND THE ATTACHMENT.
1 HAS FORMED LARGE BEARISH ENGULFING OF PREVIOUS BAR. 2 HAS NOT YET CROSSED 200 DAYS SMA. 3 TREND LINE NEAR BY LIKELY TO OFFER RESISTANCE. 4 BREAK DOWN OF NIFTY MAY TAKE IT TO TARGET 1 TARGET 2 AND TARGET 3 AS SHOWN IN THE CHART. 5 IF NIFTY SURVIVES TARGET 1 AND TARGET 2 UPSIDE POSSIBLE AS SHOWN IN THE CHART UPSIDE.
WITH STOP LOSS AS SHOWN IN THE CHART FOR THE TARGET 1 AND 2
1HOW EVER PRICE HAS BOUNCED FROM NECK LINE 2 THERE IS DIVERGENCE BETWEEN PRICE AND OSCILLATOR(FROM LEFT SHOULDER AND HEAD AND HEAD TO RIGHT SHOULDER) 3 INFOSYS BEING A STRONG STOCK CAN ONLY BE SHORTED IF ITS PRICE CONVINCINGLY BREAKS THE NECK LINE FOR THE TARGET SHOWN IN THE CHART.