INFOSYS
Cmp 1389-1390
Near support zone 360-380 strong base
Near make or break levels
Can bounce from the support zone or fall till 1300
Also : I expect the quarter results to be dim too with Marginal growth in the company
So :
* Buy on strong candle formation
* Sell below 1350 after a good close with SL 1360
(Also keep in mind the inverse cup n handle pattern too this makes the selling strong too)
Pattern observed- Bearish cup n handle
Pattern type- Bearish
Note: This is just an idea not any personal recommendation for the stock to buy or sell with me.
Cmp 1389-1390
Near support zone 360-380 strong base
Near make or break levels
Can bounce from the support zone or fall till 1300
Also : I expect the quarter results to be dim too with Marginal growth in the company
So :
* Buy on strong candle formation
* Sell below 1350 after a good close with SL 1360
(Also keep in mind the inverse cup n handle pattern too this makes the selling strong too)
Pattern observed- Bearish cup n handle
Pattern type- Bearish
Note: This is just an idea not any personal recommendation for the stock to buy or sell with me.
Trade closed manually:
Reached target as expected but very quick .. today down by more than 12%