After our target of 2290, Infosys is consolidating. The trend is negative, but you can keep stop loss of 2330 on closing basis and hold your short.
Intraday Traders can book profits / loss depending on the level at which you have sold.
As per our recommendation, you were supposed to Sell @ 2300 - 2310. If you look at the price, it is almost at the same price.
Please read our Trading Rules post to ensure you Book Profits at appropriate levels.
The major trend of Infosys is negative, until it starts trading above 2330.
If it continues its weakness, it can test 2110.
Risk : 2330 - 2310 = 20 points
Reward : 2310 - 2250 = 60 points (short term / swing trade)
Reward : 2310 - 2110 = 200 points (medium term - 1 to 3 months)
Plan your trade and execute orders as per market conditions. This comes only with experience.
Intraday Traders can book profits / loss depending on the level at which you have sold.
As per our recommendation, you were supposed to Sell @ 2300 - 2310. If you look at the price, it is almost at the same price.
Please read our Trading Rules post to ensure you Book Profits at appropriate levels.
The major trend of Infosys is negative, until it starts trading above 2330.
If it continues its weakness, it can test 2110.
Risk : 2330 - 2310 = 20 points
Reward : 2310 - 2250 = 60 points (short term / swing trade)
Reward : 2310 - 2110 = 200 points (medium term - 1 to 3 months)
Plan your trade and execute orders as per market conditions. This comes only with experience.
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