July 21, 2015

INFY technicals

Today the stock gained 11% based on a news event (results/ guidance blah blah).

Now we will analyse stock on 2 timeframes

Daily charts: trend was down from 1120 levels.  Support at 950 broke but this got negated as the stock opened above resistance (1030).

Now people who like to trade the short side (futures) will say.... big loss.

My answer - as you long as manage the risk, your loss will generally be limited to 1% of your capital. So why worry?


Monthly charts:  trend is till up


SEBI disclosure applicable

No comments:

Post a Comment

Share this...