INFY Channel Breakout
Updated
I have made a channel pattern for infy over a month and now INFY has made upper breakout
Entry above 1630 after checking momentum
If momentum is absent expect potential retrace for few days and then bounce back , Book entry anywhere between 1600 - 1630 on retracement
Target = 1700 & above (Target is Discretionary based on momentum hold for next few days)
Entry above 1630 after checking momentum
If momentum is absent expect potential retrace for few days and then bounce back , Book entry anywhere between 1600 - 1630 on retracement
Target = 1700 & above (Target is Discretionary based on momentum hold for next few days)
Trade active
Entered @ 1629.40Comment
Up by 10 pts - 1639Comment
Up by 20pts - 1649Comment
Up by 29 pts - 1658 - Day highWill exit after checking if retracement effect is there or not
Comment
Risk Averse can quit, Others can hold with Trail SLTrade closed: target reached
1740Comment
Profit = 1740.00 - 1629.40 = 110.60/shareDisclaimer
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