INFOSYS


1. At 9:55 there is a breakout from the triangle towards upward side, so taking the trade at 1496.35 with 100 qty.

2. Since breakout happened before 12:30 pm, aim is R2 which is 1514.70

3. Stop loss is the black line inside the triangle which is 1485.75




The above is the screen shot of infy at 10:25 am to give updates. Following observations are made:

1. Price crosses the first Resistance level (R1)

2. I have marked the previous day's high as another resistance level i.e. between 1511 and 1512 which we need to consider as our first target profit instead of previous set R2. Reason being, we can expect some resistance around that level. If price does not struggle during that zone then we can hold our position until R2.


Following observations are made at 11:00:

1. As we can observe, there was no struggle at the resistance level set earlier, so I reset my target to R2 and price reached our final target.

2. Made an exit at the price 1514.60 . 

3. Also, the candle formed is showing strong resistance so it is an additional confirmation.

4. It is important to be disciplined by adhering to rules established as per my strategy. So making profits by making an exit as per strategy is important than to make profits without any logic / strategy.

5. Also, throughout the rally, strong bullish candles formed which helped me in arriving at the decision of holding the position.

5. Profit - (1514.60 - 1496.30 ) * 100 = 1830











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