| View previous topic :: View next topic |
| Author |
INFY - A BIRD EYE VIEW DURING QUARTERLY RESULTS |
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
Post: #1  Posted: Fri Oct 12, 2012 12:06 am Post subject: INFY - A BIRD EYE VIEW DURING QUARTERLY RESULTS |
 |
|
Hi,
I am just doing this because I have INFY 2350 PE bought at 25 today 
Check the attached chart of weekly Infosys.
In the past 1 year only October 2011 was the month for 2nd quarterly result for Infy where it did not went down. Will it be again this October 2012???
Magnify the chart......whenever the price was near the lower trendline, INFY has cracked down, so in October 2011 that was not the case 
For, July 2011, i.e 1st quarter result, there was no lower TL (i dint checked in lower TF), though if you draw upper TL, it was not broken (resistance) and price went down. Same logic applies to Jan 2012.
Now, for tomorrow's result, again the price is at the lower TL, so I hope that History should not repeat of October 2011 
You can share your view too!! |
|
| Back to top |
|
 |
|
|
|
sspstrader
White Belt
Joined: 08 Aug 2012
Posts: 4
|
| Post: #2 Posted: Fri Oct 12, 2012 1:04 am Post subject: Re: INFY - A BIRD EYE VIEW DURING QUARTERLY RESULTS |
|
|
| chetan83 wrote: | Hi,
I am just doing this because I have INFY 2350 PE bought at 25 today
Check the attached chart of weekly Infosys.
In the past 1 year only October 2011 was the month for 2nd quarterly result for Infy where it did not went down. Will it be again this October 2012???
Magnify the chart......whenever the price was near the lower trendline, INFY has cracked down, so in October 2011 that was not the case
For, July 2011, i.e 1st quarter result, there was no lower TL (i dint checked in lower TF), though if you draw upper TL, it was not broken (resistance) and price went down. Same logic applies to Jan 2012.
Now, for tomorrow's result, again the price is at the lower TL, so I hope that History should not repeat of October 2011
You can share your view too!! |
on this weekly chart it looks like tht Smart Money is accumulating the stock. last week they had removed all the weak hands from the stock may be for an upward journey.
regds, |
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #3 Posted: Fri Oct 12, 2012 9:27 am Post subject: Re: INFY - A BIRD EYE VIEW DURING QUARTERLY RESULTS |
|
|
| chetan83 wrote: | Hi,
I am just doing this because I have INFY 2350 PE bought at 25 today
Check the attached chart of weekly Infosys.
In the past 1 year only October 2011 was the month for 2nd quarterly result for Infy where it did not went down. Will it be again this October 2012???
Magnify the chart......whenever the price was near the lower trendline, INFY has cracked down, so in October 2011 that was not the case
For, July 2011, i.e 1st quarter result, there was no lower TL (i dint checked in lower TF), though if you draw upper TL, it was not broken (resistance) and price went down. Same logic applies to Jan 2012.
Now, for tomorrow's result, again the price is at the lower TL, so I hope that History should not repeat of October 2011
You can share your view too!! |
Welldone Chetan,
Your research paid off.You are done. |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #4 Posted: Fri Oct 12, 2012 9:40 am Post subject: |
|
|
rk bro,
INFY is down, but why my Put is not doubled
I thought it will open at 80++, but dint, it started coming down, later i booked at 62.....40% in 2 lots...
It seems ITM or ATM PE lena thik rehta. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #5 Posted: Fri Oct 12, 2012 9:42 am Post subject: |
|
|
| definitely correct reading chetan. congrats |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #6 Posted: Fri Oct 12, 2012 9:44 am Post subject: |
|
|
| vinay28 wrote: | | definitely correct reading chetan. congrats |
Thanks Vinay Bhai...
Tabhi to achi khasi naukri chhod di
Its a combined effort of ichart platform, you guys observation/correction and burning of my midnight oil of past 2 years.... |
|
| Back to top |
|
|
ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
|
| Post: #7 Posted: Fri Oct 12, 2012 9:45 am Post subject: |
|
|
| chetan83 wrote: | rk bro,
INFY is down, but why my Put is not doubled
I thought it will open at 80++, but dint, it started coming down, later i booked at 62.....40% in 2 lots...
It seems ITM or ATM PE lena thik rehta. |
welldone |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #8 Posted: Fri Oct 12, 2012 10:33 am Post subject: |
|
|
| I feel one should book shorts in infy because their dollar guidance, which was considered bad, is without including their recent acquisition in US. Also, chetan's chart shows that rate of fall in infy has dropped |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #9 Posted: Fri Oct 12, 2012 10:38 am Post subject: |
|
|
| Vinay: I just wrote feedback in Infy website that they should bring back NM in more active role and Nandan as CMD. Clearly, bean counter Shibulal is beyond his level of incompetence! As long as present Board remains in charge dont expect miracles! Look at TCS, same hostile environment, havent Chandru and (still active) mentor Ramu done wonders. THEY havent appointed bean counters! Cheers, Prakash Holla |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #10 Posted: Fri Oct 12, 2012 10:39 am Post subject: |
|
|
| vinay28 wrote: | | I feel one should book shorts in infy because their dollar guidance, which was considered bad, is without including their recent acquisition in US. Also, chetan's chart shows that rate of fall in infy has dropped |
Vinay, if u check the daily chart, the price is trading outside the BB 10 (check for past 4 qtr result time, chart of last 1 yr), either some more correction is pending, say 100-80 rupee....or more |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #11 Posted: Fri Oct 12, 2012 10:48 am Post subject: |
|
|
| I see infy to be a good short term buy with a quick 10% gain, longer term 2960 |
|
| Back to top |
|
|
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
|
| Post: #12 Posted: Fri Oct 12, 2012 10:49 am Post subject: |
|
|
| Infy on fire..... |
|
| Back to top |
|
|
Transcap69
White Belt
Joined: 13 Mar 2011
Posts: 44
|
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #14 Posted: Sat Oct 13, 2012 8:59 pm Post subject: |
|
|
| Transcap69 wrote: | http://www.icharts.in/forum/viewtopic,t,4748.html#71506
Infosys a birds eye view....A birds eye view is not affected by qtrly results ...but bulls and bears keep changing theirs. |
Yes, we will have to find a person specialized in animal husbandry to guide us in this respect  |
|
| Back to top |
|
|
chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
|
| Post: #15 Posted: Wed Oct 24, 2012 4:20 pm Post subject: |
|
|
| Infosys: No upside after the quarterly and is sliding below 2350 mark again, will it touch 2250 or below... before or after diwali?? |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
