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...
I like the buying and the HH and LH formation which gives me conviction to buy infy over here .So we will wait for a little retracement and then only buy.
Here we will book our profit on the trg only and will not trail in this scenario.
Happy trading :)
As per my elliott wave analysis, Wave 5 is forming ending diagonal, which is at urge of breaking down. We may see a correction from here on that can go on for some few years.
It is wise to take out your investments from this one and invest in something else that can provide you returns in few years. Day Traders/ Swing traders have great opportunity to short this...
It seems like much of the good news has been priced into the Infosys stock. Appointment of Mr. Vishal Sikka as CEO brought much needed fresh air into the culture and stock responded with enthusiasm. But as usual, after the initial exuberance wanes, investor demands not just good future projections but implementation and execution too. Nothing against the stock...
1. Infosys made a low of 1068 on 29/02/2016 and made a high of 1268 on 18/04/16 , drawing fibonacci retracements from these levels , we find that stock is retracing from 1168 that is 50 % retracement .
2. Loooking at the chart of Infosys it looks like it is holding the support by sustaining above the trendline drawn.
3. on Wednesday , Infosys formed a...
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
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
