2 NIFTY HEAVY WEIGHT TRIANGLE; BREAK DOWN

1. BID DADDY OF INDIAN STOCK MARKET : RELIANCE 

CALL STILL NOT GET ACTIVATED 

 

SELL  RELAINCE  BELOW 840 LOT SIZE 250 

2. BIG BANKING MAJOR  HDFC

BUY HDFC   780 PE @ 7.50 TGT 17-25 LOT SIZE 250

SELL HDFC @ 795 SL 805 ON CLOSING BASIS TGT 770-750

INFOSYS SAFE BET FOR 2014

SAFE STOCK OF 2013 INFOSYS
STOCK HIT FRESH ALL TIME HIGH  3670 STILL LOOK  TO SET VERY STRONG GAINS IN 2014 

MY UPDATE ON DEC 19

STOCK WAS TRADING AT 3300 LEVELS WHEN THE MAIL WAS SEND ON NOV 27  2013
TODAY THE STOCK  HIT FRESH ALL TIME HIGH 3544.. STILL STOCK IS ONE OF THE SAFEST BEST AND LONG LONG WAY TO GO FORWARD ITS A PURE INVESTMENT CALL WHICH GIVE IMMENSE RETURNS IN COMING  MONTHS TO COME

THIS WAS THE MAIL SEND ON NOV 19 TH 2013
INFOSYS SAFE BET FOR 2014


Last few years have not been great for Infosys investors. But it appears this is about to change in 2014. Infosys stock seems set for considerable gains. Here’s why

Infosys stock has broken out on weekly chart above 3000 and the breakout structure seems robust for huge follow through gains. The only issue: patience.

Here’s the Breakout on weekly chart

 

As you can see in the weekly chart above, Infosys was struggling below 2995 for years. But that seems to have changed post its breakout above 2995. The breakout happened in August and, even when, many months have passed, stock has not done much. The consolidation appears healthy and does set the stock for huge gains over next 12 months.
What should one do?
Keep Buying the stock between 3000 and 3300 on regular basis and build position for huge gains in next 12 months. As always, there is no certainty in market and if things turn for worse and Infosys stock slips below 50 week ma, then exit and wait for technical to improve.