I have made a channel pattern for infy over a month and now INFY has made upper breakout Entry above 1630 after checking momentum If momentum is absent expect potential retrace for few days and then bounce back , Book entry anywhere between 1600 - 1630 on retracement Target = 1700 & above (Target is Discretionary based on momentum hold for next few days)
Trade active
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Entered @ 1629.40
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Up by 10 pts - 1639
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Up by 20pts - 1649
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Up by 29 pts - 1658 - Day high
Will exit after checking if retracement effect is there or not
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Risk Averse can quit, Others can hold with Trail SL
Hii..
I have bought Infy shares INFY 1680 CE Aug at 11Rs
Will it be goes big. please let me know
harish1577i
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@nallujoy,
Sure, will update my Idea once i close my position
Don't Risk your capital by taking options since you will get your stoploss hit soon because of theta decay
I have bought Infy shares INFY 1680 CE Aug at 11Rs
Will it be goes big. please let me know