We recommended Buy in Infosys when it was trading around 2200+- where many were on fear mode.
12th July 2012@ http://moneymystery.blogspot.in/2012/07/infosyswhat-now.html
The given support level acted like anything and on 2 occasion it took support & bounced heavily from there.
On 25th Feb 2014 We came up with an article where we recommended stay away or book Profit in IT stock at the time when Infosys was trading around 3750-3800 and everyone was very bullish. The Stock corrected from 3800 to 3200 and while it was trading at 3200 on 10th April 2014 we gave downside target of upto 3000-2900 in the comment post and said that buying interest will be seen there where on 30th May it went on to hit intraday low of 2880 and closed above 2900.
The buying interest was seen as expected and from there it went on to hit 3400 on 8th july 2014 thereby generating return of 18% in just over a month from the lower recommended level.
Check the this article dated 25th Feb 2014@ http://moneymystery.blogspot.in/2014/02/time-to-dump-it-stock-why.html#comment-form
When buy recommended@ Infy from 2200 to 3800 Return Generated@ Around 70%
When asked to stay away or book profit@ Infy from 3800 to 2900, Down almost 24%
When again recommended buy@ Infy from 2900 to 3400, Return Generated @ Around 18%
12th July 2012@ http://moneymystery.blogspot.in/2012/07/infosyswhat-now.html
The given support level acted like anything and on 2 occasion it took support & bounced heavily from there.
On 25th Feb 2014 We came up with an article where we recommended stay away or book Profit in IT stock at the time when Infosys was trading around 3750-3800 and everyone was very bullish. The Stock corrected from 3800 to 3200 and while it was trading at 3200 on 10th April 2014 we gave downside target of upto 3000-2900 in the comment post and said that buying interest will be seen there where on 30th May it went on to hit intraday low of 2880 and closed above 2900.
The buying interest was seen as expected and from there it went on to hit 3400 on 8th july 2014 thereby generating return of 18% in just over a month from the lower recommended level.
Check the this article dated 25th Feb 2014@ http://moneymystery.blogspot.in/2014/02/time-to-dump-it-stock-why.html#comment-form
When buy recommended@ Infy from 2200 to 3800 Return Generated@ Around 70%
When asked to stay away or book profit@ Infy from 3800 to 2900, Down almost 24%
When again recommended buy@ Infy from 2900 to 3400, Return Generated @ Around 18%
Alert@ Infosys@ took a further breakout abv 3358/3360....next tgt seen upto 3445 and tgt 2 upto 3548 abv 3445.
ReplyDeleteBig Gaps seen in Infy now. So trade accordingly keeping the levels in mind. We can just give ideas.