0XSE trade ideas
INFY POSSIBLE SHORTWait for the breakout to the downside before shorting.
Don't miss the dip to buy as well..
Great stock to keep in portfolio.
It will not go straight away to break the top, but that's the cheapest you might get 'infy'
Infy - Buy set up..Infosys after sharp fall from ending diagonal might retrace upto 50% of fall in the form of B wave..before resuming downtrend again...SL is recent low of 1007..tgt 1140
Infosys - Be Prepared for a Triangle BreakoutInfosys 1.04% forming a Symmetrical Triangle on hourly chart. The price action shall breakout from the triangle by tomorrow. Keep a good eye on it to gain out early opportunity out of it.
Infosys ShortIT is anyways looking weak and it will lead the correction for Indian market, whenever it starts. I expect Infosys to lead the pack, it should find support , right at 938, which is also 200WMA.
INR is looking strong and it should provide the impetus for the fall.
Pairing this short with a long in LUPIN, will be a good strategy in my mind.
INFY to DROP as long as it stays below 1110 and sustains belowINFY to DROP as long as it stays below 1110 and sustains below
SL 1120
Target - 1010
SHORT INFOSYSResults were bad and guidance is dismal.
Technically, Infosys is all set to test 200 WMA and may find support around 945 levels. There is good 10-12% immediate downside visible from here.
Fundamentally, Infosys is trading at 15-16 1 yr forward-looking multiple. Given guidance of 10-11%, it is surely going to get re-rated along with the whole of IT sector.
Infosys - Didn't We Tell You Moment ;) - 7/15/2016When trust is lost, everything is lost. Fortunately, at least for stocks, that trust can be reestablished with good results and good execution. But now, the moment has come which we just a month ago warned about and cashed good part of the position in Infosys and started selling covered calls. We won't repeat the arguments here about why we did it from the previous post but rather want to share the next trade idea instead.
Now the game plan should be to let the disappointed investors liquidate. Let the stock stabilize and get back in again. Simple ! Let it get back around 900 and start picking the stock from there again. Of course it depends upon market condition that how much one should invest at that level but as a trader, these good support levels shown in the chart will at least give us good trading range.
On broad perspective, if Indian IT companies won't reinvent themselves then eventually they will top out. Earlier they have milked international clients by charging ridiculous amounts for routine work but now clients have become smart. If India has cheap labor and that's the only thing these IT giants like to relay upon then their heady days are numbered. Because big IT spender companies are already putting their subsidiaries on Indian shore to take advantage of that. Many US firms have established their offices in India and getting work done cheaply. So ho-hum outsourced work is not going to give a constant earning boost but rather steady income. And when a company don't have any exceptional product, anybody can replace it by just quoting less price! The point is that big IT companies like TCS and Infosys are good, but they last, until they last ! They won't keep on growing with the same pace and investors should keep that in mind.
Long INFYI like the buying and the HH and LH formation which gives me conviction to buy infy over here .So we will wait for a little retracement and then only buy.
Here we will book our profit on the trg only and will not trail in this scenario.
Happy trading :)
INFY - 5th Wave Completion (Correction ahead in Tech.)As per my elliott wave analysis, Wave 5 is forming ending diagonal, which is at urge of breaking down. We may see a correction from here on that can go on for some few years.
It is wise to take out your investments from this one and invest in something else that can provide you returns in few years. Day Traders/ Swing traders have great opportunity to short this one on every rise.
Trading Infosys - 6/15/2016It seems like much of the good news has been priced into the Infosys stock. Appointment of Mr. Vishal Sikka as CEO brought much needed fresh air into the culture and stock responded with enthusiasm. But as usual, after the initial exuberance wanes, investor demands not just good future projections but implementation and execution too. Nothing against the stock or the company or Mr. Sikka's leadership but it is the nature of publically traded company's investors to constantly seek for the next bone to chew for. If they don't get it, they will throw tantrums and become impatient.
So while the new leadership is executing those rosy ideas, stock may not move much in upward direction until it is backed by solid numbers.
We got into Infosys around July last year and trading with upward bias with holding core long position since then. But now it seems like a good time to cash in some and start writing upside calls on bounces ( covered call strategy ) to get that premium. Or buying puts during the bounce higher makes sense. Never short a good stock, buy put instead. And never write naked call options, no matter how bad the stock or the situation is.
