INFY
Infosys (Long Term Strategy)Hi Everyone,
We are witnessing a great period in the world especially the devastating effects due to new coronavirus waves across western countries, especially in Europe, Francy, Italy, the UK, and the US. There are recent national wide lockdown announcements in both France & UK. We are also expecting a lockdown in the US if Biden wins the election.
Having said talked about the above, the biggest beneficiary in this kind of scenario is the Technology Sector. For example Zoom, Apple, Fastly, Tesla have given 500% returns in a span of 6 months since the lockdown.
It is time to either start implementing Artificial intelligence for repetitive tasks or bring the robots to the manufacturing sector without involving any humans so the business goes as usual even though we face anything in the future.
As far as India, we don't have a technology leader or initiator- we are merely servicing the industry with knowledge and support to western companies. In this scenario, Infosys is the leader in such a service industry.
The more the lockdowns, the more the research and development required to accelerate the technology and implement it. I believe Infosys will benefit from this coronavirus.
Nevertheless, during a huge fall in the market, and share will be beaten down irrespective of their balance sheet. But it is always good to keep an eye on companies having strong fundamentals and established recurring clients to run the business.
Here is the strategy: With the new lockdown, we may see the share price fall to 900 or below.
Buy the shares around 900 or below with a long term view to average it (Don't put 100% at once, Start with 5% of investment and keep averaging as the market goes down)
I will keep you updated with the market scenario, currently, the market is in a panic situation and it is expected to continue for a short term.
Hope you liked my analysis, please let me know your comments
Disclaimer: This is an educational view :)
Thanks!
INFY (NIFTY50) - Elliott wave analysis - Buy set up INFY - It is in impulse 5th wave up, which is extending the price gain. It is in 5th of 3rd of 5th of 5th wave up. stay bullish in pull back near 1090 for target of new high. The risk reward ratio is getting down, so stay small in size.
Give thumbs up if you really like the trade idea.
Infosys profit Booking zone. Good morning all,
Of course, Infosys is a Good Investment stock for the long term but you also must know when to book the profit and when you can make a new entry to get the max profit. Harmonic PRZ in the weekly time frame and there are 80% chances to give the correction from this point. Investors and swing traders can book the profit at this point and can make a new entry on 733-811.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey