Infy: Chart set up and trading strategy for July month
Diupdate
Infy
Observation
- After result announcement, Infy goes into consolidation mode for a 2-5 weeks
- it then has rallied 17-27% till the next result announcement (calculation done on a opening or closing basis)
- current rally is measured at roughly 21% so far and another 9 trading sessions to go
- if Infy is to follow the blue channel, then we have be at the top end of the channel
- however if Infy is to follow the red dotted channel, then there is a scope for a price movement up to 1671 odd levels
Given the set up, F&O strategy that one may consider
selling Infy 1660 Call option around 12
The strategy has a max profit potential of Rs 7200/- per lot
More importantly from risk management point of view, it covers risk of rise in Infy price up to 1672 levels till 29 July 2021.
Take care & safe trading
Like & Follow for more such ideas
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Observation
- After result announcement, Infy goes into consolidation mode for a 2-5 weeks
- it then has rallied 17-27% till the next result announcement (calculation done on a opening or closing basis)
- current rally is measured at roughly 21% so far and another 9 trading sessions to go
- if Infy is to follow the blue channel, then we have be at the top end of the channel
- however if Infy is to follow the red dotted channel, then there is a scope for a price movement up to 1671 odd levels
Given the set up, F&O strategy that one may consider
selling Infy 1660 Call option around 12
The strategy has a max profit potential of Rs 7200/- per lot
More importantly from risk management point of view, it covers risk of rise in Infy price up to 1672 levels till 29 July 2021.
Take care & safe trading
Like & Follow for more such ideas
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Trade aktif
Catatan
The results are out. Our strategy taking in to consideration the result event has worked well.Strategy update
Infy 1660 Call option
CMP 5.5
Suggested selling at 12
The strategy has a profit of Rs 3900/- per lot so far.
Happy trading...!!!
Trade aktif
Infy might stay below 1606 - 1617 for this month
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