INFOSYS


Following observations can be made :

1. Breakout from triangle at 9:50 so took an entry at 1426.95 with 170 qty

2. Also, price went below the previous say's low, giving an additional confirmation that there could be potential downward rally.

3. Since breakout is before 12:30, we can aim for the 2nd support line i.e. 1415.90

4. Stop loss is just few points above the black line inside the triangle i.e. 1437.30






Following observations can be made :

1. We can observe in the above chart that there is strong support zone displayed by buyers on 19th may which can not be ignored.

2. If price struggles to go below this zone again, we may have to change our target. If it doesn't, then we can hold our position until set target.






Update at 10:45 : 

1. We can observe that, buyers are showcasing strong support at the support level mentioned earlier i.e. 1418.30.

2. We can not ignore that sign and continue with our position. It is better to exit with minimum profit than to ignore such signals irrespective of what the ultimate result would be. 

3. Made an exit at 1420.25 

4. Profit - (1426.95-1420.25)*170 = 1139