Tuesday, November 17, 2009

Infosys-Update

Author: Ilango | Posted at: 7:50 PM | Filed Under: |
Infosys is in its 5th wave and it will move into its all time highs. Only concern being the lack of volume during this upmove of 10-15 days.

Infosys-weekly-Log chart suggests of heading towards the middle line(much higher), after which it is expected to consolidate.

5 comments:

Yuckoo on November 18, 2009 at 2:28 PM said...

Hi Illango
Thanx for the beautiful update on Reliance Capital.
If possible can you update on Neyveli Lignite.

Eagerly waiting.

Unknown on November 18, 2009 at 4:29 PM said...

Dear Illango,

I had posted and asked Qs in your earlier analysis of Infosys but no replies as such.
Nevertheless, since I am long Infy, just wanted to ask you what I should be doing next.
I am long 2340CA@57. Infy has broken 1 year high, so should we still hold it for some more gains or will it consolidate and then move up? Since it is call, time is a major factor, expiry being next Thursday.
Your early reply would be highly appreciated.
Thanks
Vicky

Ilango on November 18, 2009 at 5:58 PM said...

Hi..Vikas,

I posted "Infosys update" for your benefit only.

It is in uptrend and at it's at its all time high.Strong price trend in the last 2 days and the volumes are picking up. No clue on upside targets..

Besides I do not download Infy Hour data to study the micro technicals.

Hence, I could not comment on option strategy.

Knowing its strong upmove, you need to take that decision of either booking out at reasonable profits or allow it to run higher till the settlement.

Take your call @ 2475-2500.(I am just throwing some numbers)

Yuckoo on November 18, 2009 at 6:31 PM said...

Hi Illango
Thanx for the beautiful update on Reliance Capital.
If possible can you update on Power Trading Corporation also.

Unknown on November 18, 2009 at 7:09 PM said...

Thanks a ton for this Illango sir.

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