Infy: Is this a possible Head & Shoulder in the making...???

INFY
CMP 955

Just an observational view so far....

Confirmation will come only below 900

There is a Minor support around 933-940 zone

&

Above 965 the stock can rise to 979-988 or even 1000 odd levels

However from current levels

Target zone comes around 800

Stop loss tad above 1000 /1020

Risk: Reward ratio:

50::150 i.e 1::3

This is a positional medium term view and not a day trade or monthly view & could be a tricky one...

So Review your trading plan & if it suits you Plan your trade accordingly...

Take care & safe trading...!!!

交易進行

From 955 to 937...

Moving on expected lines

Take care & safe trading...!!

Enjoy ur weekend...

交易進行

As per Fibo below 910 next support 824

Take care & safe trading...!!!

交易進行

CMP 928

Revising stop loss from 1020 to 988 on closing basis

交易進行

Infy
CMP 979

The stock has made a high of 989 so far and retraced

That is what charts were suggesting...

Above 965 the stock can rise to 979-988 level...
and we were prepared for it with our plan...

Take care...!!!

註釋

We have sold Infy July series 980 Call Option at 36

Do review your trading plan and plan your trade accordingly...!!!