Hello and Welcome Back Friends,
Hope you Guys are doing Well :)
Today's Stock for Analysis is : Infosys Ltd.
The Stock has been in Limelight due to recent developments in the Company.. Let's Check whether Investors really need to Worry as the Media is Showing or are there still any hopes !!
Today I am posting Charts Provided to Our Clients on 20th Aug 2017, yes.. you are reading it right !! Already shared with our Clients a week ago.. While The Whole Market was Talking About Infosys, Our Clients were doing the Job Silently and Personally I haven't posted a Single word on my channels and WhatsApp Broadcast list regarding this Company. Going to share what I shared with our Clients..
Let's See Infy Behavior on Charts, Starting from Monthly Chart..
This is a Monthly Chart With a Rising Channel, The Price is still assumed to be in uptrend till it breaks the Channel support and stays below. It may not happen too soon. Sorry bears :)
Let's Move on to Weekly Chart ..
Here we go, The Stock price is moving in a Range since a Long time and Just Breached the Lower level of the Consolidation in a panic move, But nothing to worry till the price stays in the range, isn't it Simple? Now you may have guessed what to do in the stock, Yes.. You guessed it right... Do it without hesitation and Be Confident on your Readings. Don't Bother about Analysts and Media, Let them mind their business.
Let's Move on to Daily Chart..
here it is, a more closer look at the Price Action of the Stock... does it look like anything serious?? Just Check your Latest Chart.. What will you do in this case?? where is Price heading?? Simple, Anything above 897 is always a buy. Resistance will be in place around 925, Above 925 Next will be 965 immediate.
If you have seen Weekly Chart Closely, 876 level is marked on 20th August, and Below that 830 is Marked, 830 is a Strong Confluence point which is extremely difficult to breach. With a Co-incidence, Infy Closed @ 876 on 22nd August while the Low was 860 only... Our Plain Advice to Clients was to Buy Infy at 876 and 848 with a Stoploss near 828, Following exact levels, Infy Closed @ 876 and immediately resumed upmove doing a High of 918, With Mr. Milekani taking charge again, I am Expecting Infy to Breach the 925 level with a Gap up and above 925, clear direction is till 965. It might take sometime to cross the Resistance, But One Can Expect a break above the resistance with the developments happening and Structural changes in the Management. No Need of Panic.
Infy was Never a Buy while it was trading near 1040 levels. It is a clear Buy Only Above 1040 or Near 897 levels. Those who were talking about a Breakout Buy near 1020 levels, were talking of selling all Holding stocks below 900 levels, People are always fancied by this kind of shit and always get trapped. Once Infy Crosses 925 and Moves Near 965..Sudden a Change in View will start appearing through media and Analyst Post Illustrating How these Changes in Management of the Company is going to Help the Company and how the Stock will Outperform the Sector.. and Blah, blah, blah...
Many Analysts will start Posting how they caught a Perfect Value Pick and all the stuff, Do you really want to follow these guys?? .. Good Luck !!
Recommendation :
Infosys Ltd.
Infosys Ltd.
The Stock is still in Uptrend undoubtedly, No Need to panic!!
You must Time your Entries and Exit according to Levels, (Many Analysts may Sell it as a Price Action Analysis or some Difficult study, they may sell the Course at a Whopping big amount and Use Infy Chart to teach how the Stock Reacted to Price Action, Etc.)
Buy the Stock Near 876 or Lower levels or 900 Levels With a Stop loss of 828-830 Levels with a Price Target of 925 - 965 - 1020 - 1040... Book Your Profits Near 1040 and Stay on Sidelines... If The Stock Crosses and Sustains above 1040 levels.. buy as much as you can, yes.. as much as you can for a Price Target of 1200 - 1300 - 1400 .. approx levels. It will be the Faster Rally above 1040.. Till then Just Play the Tennis ... Tic-Toc, Tic-Toc... 1040-900-1040-900-1040...
Good Luck !!
Disclaimer :
Good Luck !!
Disclaimer :
Atul S Shinde is a Global Market Expert and a SEBI Certified Investment Adviser. Globally known as FX Magician. The Adviser is a Technical Analyst having experience of more than 10 years in Global and Domestic Markets. The Adviser is not having any personal investment in the stock but his clients may have the trading positions. The views are unbiased and no Conflict of Interest in the above analysis. Traders and Investors are advised to take Opinion of their Trading Adviser before taking any positions. The Adviser is not liable to any losses occurring due to blind following without risk management on this advice. You are always adviced to follow strict Risk management and Trade leveraged.
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