Sunday 7 July 2013

Infosys 07 July 2013 : A very Long term Wolfe

A Long Term Wolfe Wave

 
Two EW Alternates

Short term bullish




















Short term bearish but may rise a bit before falling.





Trade Setup

Buy and hold 2300 PE and 2600 CE.  Sq off gaining position at 2800+ or 2250-  or near red and green arrows on the first chart.
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8 comments:

  1. Firoz Hajiani7/07/2013 06:21:00 pm

    For long term investment,what is the level to enter in Infosys.

    ReplyDelete
  2. Falcon7/07/2013 06:35:00 pm

    Roughly speaking....long term investments should be initiated either below 1500 or above 3550. How much below 1500 is a million dollar question. The wolfe wave above targets below 600. Other supports are roughly at 800, 1000, 1500, 1800. Try getting in using SL at these price points.

    Ideal entry will be below 600.

    ReplyDelete
  3. Firoz Hajiani7/08/2013 03:50:00 pm

    Thanks. Pretty long way to go until it reaches 1000 level.Yes this Indian stock market,any thing can happen.
    God Bless you.
    Firoz.

    ReplyDelete
  4. Falcon7/08/2013 03:56:00 pm

    Thanks Firoz. May God bless you too.

    And yes, it looks unbelievable as of now but anything can happen. Till it takes out the highest point, I continue with my bearish view for long term delivery based trades.

    Otherwise in shorter time-frames, it will keep testing both sides and trading opportunities will emerge.

    ReplyDelete
  5. Firoz Hajiani7/08/2013 04:36:00 pm

    Yes very true.Do advice and write as and when you feel right time to buy.
    God Bless you.
    Firoz.

    ReplyDelete
  6. Falcon7/17/2013 10:07:00 am

    All rises in this should be shorted. Expect a visit to test the last high and then the fall may re-commence for 1300 or lower.

    ReplyDelete
  7. Firoz Hajiani7/17/2013 11:51:00 am

    Thanks for the update on Infosys. Waiting patiently for the 1000 level.
    Sir,could you through some light on recent uptrend on R COM.Can one enter at this level,and if yes,what will be the likely target.Please advice.
    May God bless you.
    Firoz.

    ReplyDelete
  8. Falcon7/17/2013 12:17:00 pm

    As I perceive, the uptrend in Rcom may be on the verge of completion. I would cap it between 160-165. From there it should start a correction, which should push it below sub 100 levels. I would peg the correction to end near 80-85. At these levels, a buy signal should be bought into for targets near 260 or so.

    ReplyDelete

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