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INFOSYS LTD SPON ADR EACH REP 1 ORD SHSINFOSYS LTD SPON ADR EACH REP 1 ORD SHSINFOSYS LTD SPON ADR EACH REP 1 ORD SHS

INFOSYS LTD SPON ADR EACH REP 1 ORD SHS

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Infosys Struggling to hold on to support level - Short setupInfosys seems to be struggling to hold on to support level of 915-905 on weekly charts. The chart structure looks really weak and a break below 900 would drag it to levels of 840 levels which should potentially act as the next support level (July - Aug 2014 level). Trading strategy : Short @ current level of 916 Keep stop @ 954 Target price : 840 Reward to risk - 2:1 Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
NSE:INFYShort
by wildwildmoney
Infosys - Didn't We Tell You Moment - Part 2 ;)Finally Infosys saga has turned the way we anticipated about a year ago ( check out the linked posts ). Now since you can not fool all the investors all the time, Rs. 13,000 crore buyback plan has been received by the investor the way it should have been! Why? Because the right time for buyback was many years back when clients of the major IT firms were so naive to pay $50/hr for $5 work. Now the fact is out and Indian IT firms exponential growth is about to top out. Conflict between the celebrity founder Mr. Narayana Murthy and outsider CEO Mr. Vishal Sikka is sideshow compared to the main reasons going to dog the stock price in near future. One of the things - Severance pay packages of few crore they were fighting for is peanuts compared to Rs. 13,000 crore being totally wasted buying the Infosys stock back at Rs. 1150 ! Investor would have been better off with one time more dividend instead in our opinion. But well, we don't care. As a trader we are just looking for next profitable trade out of the situation :) Our though process in the stock has helped us make good fortune out of last few years price action ( which you can check out in those old posts ) and now it is time to move forward. Nope, we are not going to short the stock! Rather looking again for good buy-side trade opportunities. A next band lower, between 600 and 800 is going to proved many such opportunities and we are just waiting for the stock to come to our preferred levels.
NSE:INFYLong
by BombayBulls