INFY/N trade ideas
INFYKEEP THIS ON RADAR TO SEE WHERE IT BREAKS OUT IN COMING DAYS.....
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Infy in a very tight channel.... watchlist candidateexpecting a big move....given the rush in NASDAQ and DOW, it should be on the upper side....however there is a gap below that needs to be plugged...
alerts to be set on the lower and upper limits of the channel, if channel is broken, a trade can be initiated
another strategy can be to buy an ITM call and put with stoplosses representing the channel limits... additional lots can be added once the call/pput is sold
trade wisely and be quick on booking profits
INFOSYS LTDBearish Crab
End of Rising Market--It’s a narrow spread gapped up bar on Ultra High/Very High volume closing in middle or off the high having a strong bull,As market is gapped up and approaching at previous resistance then this is an even stronger sign of weakness, so now Market may rise up a little instead of falling immediately so it’s safer to wait for Up-thrust or No Demand..
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
INFOSYS -Bullish CRAB - Calling out the Experts for AdviceFolks, this is my first attempt at charting with Harmonic Patterns.
What I see here is a BULLISH CRAB where the CD is in process and the expected target is between 990 - 1000.
I would like to call out the experts in this field of charting to advice me if my charting is accurate or if there is anything more that I should have considered.