Infy : The Bull Flag

Notes on the chart
Regards

Comment:

S1 is 729 and S2 is 726

Flags are little tricky to play but if and when then fructify, they yield handsome return.
E.g. look at the following chart of Wipro

The spikes in candle A and B faked out the breakout attempts. In this setup it's good to be shaken off early for a breakout entry (on an intraday trade) because many a times the flag continuous it's development and breaks the preceding swing point.
One may enter again above the spike in such a case.

All the best.

Comment:

I ll close the trade at 747

Trade closed manually:

@ 745. Facing some hiccups. That's 10 pints in 30 minutes. Not bad :i

Trade closed: target reached:

T1 done

Comment:

Infy @ 750 now. May face some psychological resistance. Heading for T2