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INFY |
vtnarendra
White Belt
Joined: 05 Oct 2009
Posts: 57
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Post: #1  Posted: Tue Jan 10, 2012 7:54 pm Post subject: INFY |
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| INFY IS SHOWING A CLASSIC REVERSE HEAD AND SHOULDERS PATTERN ON THE DAILY CHARTS. ACCORDING TO THIS PATTERN THE TARGET SHOULD BE 3500 FOR INFY.
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #2 Posted: Tue Jan 10, 2012 8:02 pm Post subject: |
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Hi,
i am tracking on Weekly charts and there break out yet to happen.
If we take TL joining all tops on weekly, last week it closed exactly at that point.
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amolvpatankar
White Belt
Joined: 23 Jun 2011
Posts: 104
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| Post: #3 Posted: Tue Jan 10, 2012 9:05 pm Post subject: |
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| Arjun20 wrote: | Hi,
i am tracking on Weekly charts and there break out yet to happen.
If we take TL joining all tops on weekly, last week it closed exactly at that point. |
good observation..keep it up..thanks Arjun...me too profision user..  from pune..u?
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #4 Posted: Tue Jan 10, 2012 9:13 pm Post subject: |
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| amolvpatankar wrote: | | Arjun20 wrote: | Hi,
i am tracking on Weekly charts and there break out yet to happen.
If we take TL joining all tops on weekly, last week it closed exactly at that point. |
good observation..keep it up..thanks Arjun...me too profision user.. from pune..u? |
friend of ghorpade 
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5 Posted: Wed Jan 11, 2012 9:38 am Post subject: Infy |
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| I'm very positive about Infosys Technologies prior to the announcement of its results. As long as the stock is above 2680-2700 levels, there is every chance of the stock testing 2990/3025 levels. So, this is a Buy on Dip stock according to me. The resistances for the stocks will be 3020-3090-3165-3250. However, the levels 2680/2600/2560/2450 will provide supports on the downside.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #6 Posted: Wed Jan 11, 2012 9:52 am Post subject: |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #7 Posted: Thu Jan 12, 2012 9:14 am Post subject: Infy |
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| I'll be buying Infy in the range 2740-2710 if it comes there....The stoploss will be just below 2680. Target is 3020
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #8 Posted: Thu Jan 12, 2012 9:21 am Post subject: correction... |
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| sorry....i mean 2640-2610 with Stoploss below 2580...Sorry for the confusion...
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #9 Posted: Thu Jan 12, 2012 10:40 am Post subject: |
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| sam, yesterday when you posted a buy call on infy, I only posted a smile. Actually I wanted to caution you but did not want to hurt/upset/distract/irritate you.
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #10 Posted: Thu Jan 12, 2012 10:44 am Post subject: |
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| vinay28 wrote: | | sam, yesterday when you posted a buy call on infy, I only posted a smile. Actually I wanted to caution you but did not want to hurt/upset/distract/irritate you. |
Perfect example for
All emotions of actually/ifs and buts arise after the price movement,keep it up
no wonder
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #11 Posted: Thu Jan 12, 2012 10:53 am Post subject: |
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| umesh1 wrote: | | vinay28 wrote: | | sam, yesterday when you posted a buy call on infy, I only posted a smile. Actually I wanted to caution you but did not want to hurt/upset/distract/irritate you. |
Perfect example for
All emotions of actually/ifs and buts arise after the price movement,keep it up
no wonder |
I have always been a person ruled by my mind and driven by my fears. Before taking any decision, I used to be scared but would soon realise that I am living for myself and people who bother about me and not
for any third person. Then why think about society and why don’t we take
decisions instead of thinking
about the consequences?
During moments of fear, I remind myself, “Fear is a conditioned response, a life-draining habit that can easily consume your creativity and spirit if you are not careful. When fear rears its ugly head, beat it down quickly. The best way to do that is to do the thing you fear, fast!” We are so much overpowered by fear that we start being slaves of an unknown and nonexistent ‘master’.
We are scared and we don’t take risks as we have the fear of failing.
And then, one day, I decided that I will be a risk taker; at least taking risk will assure me of my existence rather than dying slowly, in fear.
Fear is for losers and cowards, risks are for the brave. It’s better to be a soldier and die with your will, than to be a mouse and die with someone else’s pill.
I take risk with everything now whether it’s decision of going to a different place for studies or it’s just a personal decision. But whatever decision I take is a well-thought and determined one.
Risk takers are game changers; they turn the table on their side and rule the world. Imagine, if Bhagat Singh had been horrified of death, would he have made a mark in the national struggle? If the first person who climbed the Mount Everest, Edmund Hillary, had fears of heights or fear of losing, could he have made it?
People who don’t fear are indeed the people who live life freely and fully; they are the ones who have freedom from their thoughts and theories. They have just one theory—life is larger than fear.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #12 Posted: Thu Jan 12, 2012 10:55 am Post subject: |
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| Umesh, are you saying that I posted this only after and because infy fell? Depending upon your reply in yes/no, I will respond.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #13 Posted: Thu Jan 12, 2012 11:03 am Post subject: |
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| pl reply to my question. I am not interested in your speech.
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umesh1
Brown Belt
Joined: 24 Nov 2008
Posts: 1974
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| Post: #14 Posted: Thu Jan 12, 2012 11:03 am Post subject: |
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| vinay28 wrote: | | Umesh, are you saying that I posted this only after and because infy fell? Depending upon your reply in yes/no, I will respond. |
Thats what it appeared instead of smiley you could have replied being brave and posted your view,you can just put up your reply whether yes/no or true and false is rest to decide.have courage to express
cheers
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #15 Posted: Thu Jan 12, 2012 11:10 am Post subject: Re: Infy |
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| psalm wrote: | | I'm very positive about Infosys Technologies prior to the announcement of its results. As long as the stock is above 2680-2700 levels, there is every chance of the stock testing 2990/3025 levels. So, this is a Buy on Dip stock according to me. The resistances for the stocks will be 3020-3090-3165-3250. However, the levels 2680/2600/2560/2450 will provide supports on the downside. |
Vinay,
I am not sure about Infy testing 3020 levels NOW.....But i'm hopeful. As long as the stock is above 2600, i'll be comfortable buying it. But if you ask me if i'm REALLY CONFIDENT about the stock, I'm not. Its a bit risky now. But its worth taking the risk, I feel. I have been very bearish about the sector until a week ago. But i felt later that there is a chance of Nifty going to 5200, if thats the case, then Infosys might test 3000. I didn't have any outlook regarding their results. As per the reaction, it seems disappointing  . Anyway, fingers crossed. 
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