INFRATEL ::: LONGInstrument: INFRATEL
Time frame: 3 hours
indicators:
Stochastics: bearish
PSAR: bearish
My analysis:
CMP: 152.75
Expecting INFRATEL to gap down / sink to 145 - 143.70 on Monday.
Once it starts retracing back upwards would like to buy above 143.70 to 145 keeping the SL below the low of the day for target 153.75
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
INFRATEL
Stock: InfratelStock: Infratel
Reason: Assuming Bearish Breakdown
Cmp: 242.60 {Close}
Short Below 237
Exp. Targets: 230-223-
SL:243{Once Sell Triggered}
Date of View: 06-Jan-2020 23:50
SHORT ON INFRATELAs you can see Arrow1 it can be a flag formation.
Condition for that flag formation is price should not break 294.05. Great Volume on Arrow3 may be suggest reversal trend or may be situation can be same as shown by Arrow2 .(Great volume = smart money generally)
For short sell around 276.70 (SL 281) , First Target 266 Second Target 250.......
infratel is good if it again comes at 420 -30 levels for 500++++i am bullish on infratel and see upside target 500 510
strict sl 410
INFRATEL broke inverted H&S necklineThis stock was in falling channel from 2015 before finally turning the trend after bottom in early this year, after price broke out of the falling channel of two years stock price started inverted H&S pattern. This week's closing candle closed above the neckline briefly and setting the target to 490 level to the upside from current level of 404 per share. This is good setup with decent risk reward ratio if taken now.
