Infosys on the daily looking like its bear flagging. The Stock has fallen from 1900+ to 1600 now within past 2 months. However, the daily does not look promising as it's forming a bear flag.
Below is my plan
Wait to see if INFY can get above 1650 to initiate any longs or
Wait to see if INFY cracks below 1575 to initiate any shorts
Will not be touching in between these levels
Below is my plan
Wait to see if INFY can get above 1650 to initiate any longs or
Wait to see if INFY cracks below 1575 to initiate any shorts
Will not be touching in between these levels
Note
Got nice short below 1575 as planned. Closed my short position at 1520 since we couldn't stay below it at day closing. Took 50 points on this gap down
Trade closed: target reached
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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.
If you like my work and would like to appreciate, then give me a follow me on X (formerly Twitter)
x.com/adkis7
x.com/adkis7
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.