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Infosys

Discussion in 'Introductions' started by tushant02_shah, Oct 1, 2012.

  1. tushant02_shah

    tushant02_shah New Member

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    HI All Members,

    My Name is Tushant Shah. I am working in a private firm named"EarnWings Algo- Techno Trading Co." in Mumbai.

    First of all thanks Mr. Shabbir for the knowledgeable book.

    Let me first start with Infosys Chart for Wednesday.

    Please share your views.....

    Can Infy be BUY on Wed?

    Infy Closes at Rs. 2603 which is above the 3 Exponential Moving Averages.
    Additionally all the other indicators i.e Price Oscillator , RSI & Breakout had cut upside and forming a positive pattern

    BUY INFY @ 2611 for 2659 & SL of Rs. 2522
     

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    tushant02_shah, Oct 1, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    You have shared the analysis in your introduction forum and thread and try having a separate thread from next time. That would help others when searching / reading.

    Now coming back to your analysis I think you missed one point which is stop loss of 89 Rs and target of 48 Rs is not something that works well in market.

    Now my next question is how you get the target of 2659. I see it will have real hard time crossing 2650
     
    shabbir, Oct 1, 2012
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