If you have seen any of my previous post on Infy one can understand that I have been big time bearish on the stock... Nothing personal though but was just listening to levels on the charts... And it has worked to perfection.... All the levels that the chart indicated was respected by the stock....
- Minor support at 933 ( made a low at 924 on closing basis and jumped)
- Above 965 move up to 1000 ( did the same)
- Major resistance at 1020 ( closed right at resistance and then the Big fall thereafter...)
Link to Previous post
View on Infy on 14th June 2017
Partial profit booking has been done today.
Going forward any jump towards 933-960 if gets rejected will suggest continuation of down trend...
There you go.... as mentioned we get the bounce we were looking for....
On expected lines infy jumps with a gap up today and is right in the zone of 933-960..making a high of 954 so far
long position taken in the stock can be looked to book profits here
We wait and see whether the stock gives signals of rejection in this zone.
Take care & safe trading...!!!