Infosys -Earnings Day-Trendline To Push Upside above 1010

Thank You to all, for making TradingView Community the best place for traders.

Earnings on 13th April2017

We all know what happens on earnings day of Infosys- very volatile & you have to tighten your seat belts so that you are not thrown out, when Infosys is given a driver's seat.

Alternate Scenario- A complex correction unfolding since 1280 Highs

Thanks to the follower who updated that 13th is an earnings day & since I have been tracking this stock for long time when it started moving from 900-920 zone bottom in early Feb2017.

Infosys reversal at 950 has taken support of trendline & gave sharp move on 11th April2017- making a new high@972 & spent whole day sideways.

Important Levels

1009- Key Resistance
1040-1045 Critical Resistance
950 - Key support
900- Critical Support

Trading Strategy

Scenario-1
Moving above 972 & holding above 970 -we will look for upside push atleast till 980-990 zone -in between we have our key level 986 as well.

Scenario-2 on account of results on 13th April2017 -if Infosys extends move above 1000 & crosses 1005-1009 zone then it can react sharply upside so long positions can be holded till the the time extended move stays above 1009

Scenario-3 If critical resistance 1040-1045 is crossed then it can be up-up away scenario.

Scenario-4 if Infy kisses 980-990 zone & starts down move because of undue selling pressure then we continue back with selling & going below 950 -all chances that it retest 900-920 zone.

Trading Infosys on earnings day has to be done with proper risk management as it can hurt traders badly if it goes against .

I have given support & resistance levels so that one can manage risk properly.


To All New Followers,

Previous Update
Double Power pushes infy from 900 to 1000+

Falling exactly from 1030's

Magic of X-Factor@1040

Ending Infy move right at the top zone 1040-1045

Selling the top@1005- Crossing the Bullet Train

Dagangan aktif:

09:16 Hrs 13th April2017

Last Price@973

Target Reached in 1st trade of the day & kissed 990 as expected.

Komen:

09:17 Hrs 13th April2017

Last Price@949

Key Support Broken -950

Selling as expected also happened from 980-990 - we shall follow earlier post now as 950- key support broken.

Dagangan ditutup: sasaran tercapai:

09:45 Hrs 13th April2017

Last Price@946

Scenario -4 Target achieved for upside above 972 to 980-990 zone & later fall due to undue pressure for 950 & even lower - Target achieved.

We are closing the post.