Infy: RESULT NEWS being factored in by Technical Analysis
Infy
- In Technical Analysis it is said, "Price factors in every thing."
Does it: Let us see with Infosys chart and result announcement news
What charts were saying before result announcement
Chart Observations
Channel trade - we see Infy moving in the red channel since July 2020
- the channel was broken in Feb 2021 and that was an indication of Infy possibly changing gears
- In April 2021, this cue was captured in our Infy result strategy, and it was suggested that Infy might pause at mid point of the red channel
see for yourself
Infy reacted exactly from those levels as Charts indicated
- come July 2, 2021, this is what was updated here at tradingview.
On July 2, it was said that Infy is near the top of blue channel.
- Infy Results were announced yesterday evening after market hours and again we see Technical levels being respected. The NEWS reaction has not breached the channel top so far.
- let me re-iterate, Technical Analysis is not about being right or wrong...
I use it
- to know my risk involved and reward potential
- plan my trade with this knowledge &
- be comfortable with the outcome
If you analyze the Infy trade strategy that was suggested on 2 July, [Consider selling 1660 Call option at 12]
This strategy would be
- profitable by 12 points per lot if Infy falls down
- profitable by 12 points per lot if Infy stays sideways
- profitable by 4 points per lot if Infy rises up to 1668 on expiry day
- in loss if Infy goes above 1672
This strategy was adopted again based on Technical Analysis and chart observations
- on previous occasions, the best movement before the results were out was of 27.29%
- the current rally started after making a low of 1311
- so factoring a 27.29% rally from 1311 comes to 1668
Whereas the trading strategy covered the risk for a rise up to 1672 (still profitable by 4 points)
"Sau baat ki ek baat bol raha hoon aaj - I'm not here for your likes but If you understand this well, it can make a world of difference to you... So Mark these words
If you ensure you don't lose, you would be profitable"
Hope you find it helpful.
You can follow me but don't follow blindly
Learn to identify opportunities independently
Make good use of tradingview
Happy learning...!!!🙂
Regards
Vaibhav Deshpande
Indiamarketoutlook
- In Technical Analysis it is said, "Price factors in every thing."
Does it: Let us see with Infosys chart and result announcement news
What charts were saying before result announcement
Chart Observations
Channel trade - we see Infy moving in the red channel since July 2020
- the channel was broken in Feb 2021 and that was an indication of Infy possibly changing gears
- In April 2021, this cue was captured in our Infy result strategy, and it was suggested that Infy might pause at mid point of the red channel
see for yourself
Infy reacted exactly from those levels as Charts indicated
- come July 2, 2021, this is what was updated here at tradingview.
On July 2, it was said that Infy is near the top of blue channel.
- Infy Results were announced yesterday evening after market hours and again we see Technical levels being respected. The NEWS reaction has not breached the channel top so far.
- let me re-iterate, Technical Analysis is not about being right or wrong...
I use it
- to know my risk involved and reward potential
- plan my trade with this knowledge &
- be comfortable with the outcome
If you analyze the Infy trade strategy that was suggested on 2 July, [Consider selling 1660 Call option at 12]
This strategy would be
- profitable by 12 points per lot if Infy falls down
- profitable by 12 points per lot if Infy stays sideways
- profitable by 4 points per lot if Infy rises up to 1668 on expiry day
- in loss if Infy goes above 1672
This strategy was adopted again based on Technical Analysis and chart observations
- on previous occasions, the best movement before the results were out was of 27.29%
- the current rally started after making a low of 1311
- so factoring a 27.29% rally from 1311 comes to 1668
Whereas the trading strategy covered the risk for a rise up to 1672 (still profitable by 4 points)
"Sau baat ki ek baat bol raha hoon aaj - I'm not here for your likes but If you understand this well, it can make a world of difference to you... So Mark these words
If you ensure you don't lose, you would be profitable"
Hope you find it helpful.
You can follow me but don't follow blindly
Learn to identify opportunities independently
Make good use of tradingview
Happy learning...!!!🙂
Regards
Vaibhav Deshpande
Indiamarketoutlook
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