INFOSYS LTDDiupdate INFOSYS - Important Range
In this chart you can see that how fond is Infosys of the given range 1020-1040.
I have marked with rectangles on what happened. You can observe that it is a decisive range and price has always ( except for 1 consolidation ) followed the breakout direction in the following days.
The intensity of this range can also be felt by the multiple gaps and consolidation happening in it.
I think this info will help you in your trades in this stock. Many different strategies can be created based on this.
Regards.
Cheers !!
I have marked with rectangles on what happened. You can observe that it is a decisive range and price has always ( except for 1 consolidation ) followed the breakout direction in the following days.
The intensity of this range can also be felt by the multiple gaps and consolidation happening in it.
I think this info will help you in your trades in this stock. Many different strategies can be created based on this.
Regards.
Cheers !!
Catatan
In range . The range is 1011-1040* . Acc to fundo gyaan, a weak dollar should cause it to go downwards ;)Catatan
Attempted upper side break at 1139.5 and failed. Still in range.Catatan
23 Mar : Still in range, attempting to go up Catatan
Personally, Im going to avoid any position in this right now. You can take if you find something acc to your strategy.Catatan
A big movement might be coming up . CMP - 1035.See if you figure out something and make a good trade.
Catatan
Still in the tight range. Don't know why.Catatan
Alert : trying to get out of the range, volumes increasing along with red candles. See it it breaks out on the down side, good chances of follow through.
Catatan
1.3 % down . in line with expectations.Catatan
980 . Happy that it;s going as expected.Catatan
One of my most confident trades . 953 now :D
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