Stock closing near to Day low & last hourly Selling showing weakness in Stock Sell in Strong trading zone for more profit
result session will start with some infosys after the new guide lines in oct'16 and trump win in usa ... let's see what will happens in IT in india
Happy New Year to all. New year has arrived with new opportunities. It is always good to start a new year with profitable note. Our short NIFTY and other selected stocks positions ( via puts of courses ) is well in green and now it looks like the test of solid support levels near 8200 / 8000 is inevitable in coming sessions. Many of the trades we have...
IT is anyways looking weak and it will lead the correction for Indian market, whenever it starts. I expect Infosys to lead the pack, it should find support , right at 938, which is also 200WMA. INR is looking strong and it should provide the impetus for the fall. Pairing this short with a long in LUPIN, will be a good strategy in my mind.
Results were bad and guidance is dismal. Technically, Infosys is all set to test 200 WMA and may find support around 945 levels. There is good 10-12% immediate downside visible from here. Fundamentally, Infosys is trading at 15-16 1 yr forward-looking multiple. Given guidance of 10-11%, it is surely going to get re-rated along with the whole of IT sector.
When trust is lost, everything is lost. Fortunately, at least for stocks, that trust can be reestablished with good results and good execution. But now, the moment has come which we just a month ago warned about and cashed good part of the position in Infosys and started selling covered calls. We won't repeat the arguments here about why we did it from the...
INFOSYS - Potential Long , however the Risk to reward Ratio is pretty neat. Either get it or get stopped go home and cry
INFY IS FORMING A RAISING WEDGE. CREATE SHORTS AT UPPER CHANNEL AND CLOSELY WATCH FOR THE LOWER TREND LINE. FOR NOW ONE CAN SIT ON SHORTS AS THE MOMENTUM IS DYING
2618 Trade setup stands for two key things, 1. Double top confirmation 2. 61.8 Retracement Both the above conditions are fulfilled and in my opinion it should go down to 1020 levels. Key breakout will be at Target 1