INFY Daily looking like its bear flagging

27 Mar

Infosys on the daily looking like its bear flagging. The Stock has fallen from 1900+ to 1600 now within past 2 months. However, the daily does not look promising as it's forming a bear flag.

Below is my plan

Wait to see if INFY can get above 1650 to initiate any longs or

Wait to see if INFY cracks below 1575 to initiate any shorts

Will not be touching in between these levels

2 Nis

Not

Got nice short below 1575 as planned. Closed my short position at 1520 since we couldn't stay below it at day closing.
Took 50 points on this gap down

2 Nis

İşlem kapandı: hedefe ulaştı