Infy: Result, Chart set up and trading strategy
Atualizado
Infy (CMP 1444)
We have INfY result announcement next week on 14 April. Results are expected to be good.
Let us look at what the chart is saying...
Observations
- Infy trading in the yellow channel from July 2020
- on previous 2 occasions, before the result announcement we observe Infy near the channel top
- Infy makes a high on result announcement at the top end of the channel and then drops down
- after Jan 2021 result announcement, we observe the yellow channel being breached twice temporarily
Is this a cue that strength of the buyers getting weaker...???
if we observe Infy getting rejected at the median of the red channel, then there is a possibility of Infy shifting to lower blue channel
Given the chart set up, Trading strategy for Infy
One may consider selling Infy 29-April 2021 expiry
1540 Call option currently trading around 20
Max profit potential in the strategy Rs 12000/- per lot
More importantly the strategy has an in built stop loss protection up to 1560 till 29 April expiry day
(Channel top around 13 April comes to 1560 level)
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
We have INfY result announcement next week on 14 April. Results are expected to be good.
Let us look at what the chart is saying...
Observations
- Infy trading in the yellow channel from July 2020
- on previous 2 occasions, before the result announcement we observe Infy near the channel top
- Infy makes a high on result announcement at the top end of the channel and then drops down
- after Jan 2021 result announcement, we observe the yellow channel being breached twice temporarily
Is this a cue that strength of the buyers getting weaker...???
if we observe Infy getting rejected at the median of the red channel, then there is a possibility of Infy shifting to lower blue channel
Given the chart set up, Trading strategy for Infy
One may consider selling Infy 29-April 2021 expiry
1540 Call option currently trading around 20
Max profit potential in the strategy Rs 12000/- per lot
More importantly the strategy has an in built stop loss protection up to 1560 till 29 April expiry day
(Channel top around 13 April comes to 1560 level)
Take care & safe trading...!!!
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Trade fechado: objetivo atingido
InfyResults were good... But notice how charts factored in a known event to perfection.....
We see Infy price getting rejected exactly at the median of the red channel and now after the results are out, Infy has dropped down in the blue channel.
Any one thinking to take Short position in Infy after the result announcement is playing a reactive game where reaction has already happened.....
Those who followed the chart were one step ahead and now the situation is in their favor...
Our strategy has yielded the desired outcome and is in profit
Follow Technical Analysis and be a step ahead...
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