MY ANALYSIS

Friday, 17 February 2012

INFY


INV H&S IN INFY. BUT OSCILLATORS GOING TO OVER BOUGHT SO RETRACEMENT IS EXPECTED. ACCORDING TO ME, FIRSTLY IT WILL RETEST THE NECK LINE THEN AGAIN START THE FARTHER MOVE. PATTERN TARGET IS NEARLY 3500.(SL- NECK LINE)

TCS


INV H&S IN TCS. I THINK IT IS NOT A STRONG PATTERN, BECAUSE OF THE TREND LINE IS STRAIGHT.

RISKY TRADE- BUY TCS WITH SL OF WHITE TREND LINE.
IT IS WEEKLY CHART OF TCS. THERE IS TRIPLE TOPS IN TCS. INV H&S IN WEEKLY CHART ALSO. BUT BUY THE STOCK ABOVE THE UPPER TREND LINE. IT IS ACTING AS BIG RESISTANCE.

SELL TCS BELOW THE NECK LINE, BECAUSE OF TRIPLE TOPS.