As is known, Infy becomes very volatile before and after results.
Based on charts, Infy has formed a potential triple top near 3575, and the 3400 PE has formed a double bottom near 74.
The 3400PE gives a low risk trade, if bought near 74-77, with a sl below 70.
Infy cash hourly chart:
Infy 3400 PE chart :
This pattern becomes invalid if Infy closes above 3580 cash.
Based on charts, Infy has formed a potential triple top near 3575, and the 3400 PE has formed a double bottom near 74.
The 3400PE gives a low risk trade, if bought near 74-77, with a sl below 70.
Infy cash hourly chart:
Infy 3400 PE chart :
This pattern becomes invalid if Infy closes above 3580 cash.
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