INFOSYS - POSITIONAL TRADE WITH VERY GOOD R:R

2024年8月29日

Symbol - INFY

INFY is currently trading at 1942 & approaching ATH resistance zone.

I'm seeing a trading opportunity on sell side.

Shorting INFY Futures at CMP 1942

I will be adding more position if 1980 comes & will hold with SL 2025

Targets I'm expecting are 1780 - 1700 - 1580

P.S. : INFY is approaching ATH resistance zone after a long time. ATH resistances are usually hard to break in one go. To break this resistance, INFY must spend some time here (2-3 weeks) before breaking out. Only then we will see more price growth towards the upside. As of know, given modestly high valuations of INFY & overall market, The setup looks more towards negative side & It is highly likely that the price will take resistance from here & change its course to south. I've shorted far month futures already.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

2024年9月3日

交易开始

CMP 1972

Adding more quantity here.

2024年9月5日

交易开始

CMP 1905

Future 52 rupees in profit.

2024年9月23日

交易开始

CMP 1891

Went till 1867 & now trading sideways. Ready to fall more.
Future position 66 rupees in profit.

2024年10月3日

交易开始

CMP 1885

Future short position 72 rupees in profit.
Positional swing trade still active. Its struck in a range. Expecting breakdown soon.

2024年11月4日

交易结束：到达目标

CMP 1742

Target 1 reached.
Future positional short position 215 rupees in profit.