Where is INFOSYS heading ?

sudhanshubhasin · #11 19th January 2008, 10:59 PM

Quote:

Originally Posted by redarmy

Oversold based on RSI, furthermore the price is right outside the moving average band.. chances of a rebound is high!

Hii,, I need to know this website also.
Where did you get this from

AmoghG · #12 20th January 2008, 12:25 PM

The site is right in the image.

www.chartnexus.com

I'd rather go for www.icharts.in

HTH.

marcus · #13 20th January 2008, 06:42 PM

Oscillators should generally not be used for trending stocks, during uptrend you'll find the RSI near 70 and more or less in the overbought region but yet the trend will continue vice versa for downtrends you'll find the stock near the oversold region of 30 and the trend will still continue.

Oscillators are intended for use in trading ranges.

If you choose to use the RSI for trending stocks you'll find in an uptrend the RSI will generally find support at 40 and turnback at 80, for a downtrend you'll find the RSI has support at around 20 and turns back at around 60. Its possible to use these levels tentatively for short price swings after adjusting the RSI period every 2-3 months for the best overbought and oversold levels at the current time. Do not consider arbitary values.

Even then you'll only benefit for short term price swings.

surfingminds · #14 20th January 2008, 07:03 PM

Any way I am buying 10 infy share tommarrow morning.
IF it goes down I will buy another 5 and if it goes up next time on dips i will buy more. 2-6 months time i m trying to accumulate on it.

But angel fire has given 2000 short term target for infy. guys any support for their recommondations.

karvy · #15 21st January 2008, 06:38 AM

Quote:

Originally Posted by surfingminds

Any way I am buying 10 infy share tommarrow morning.
IF it goes down I will buy another 5 and if it goes up next time on dips i will buy more. 2-6 months time i m trying to accumulate on it.

But angel fire has given 2000 short term target for infy. guys any support for their recommondations.

Ofcourse a blue chip like Infosys cannot be ignored . Your accumulation strategy is very good. You will have a windfall ST/MT I am sure .

karvy · #16 22nd January 2008, 09:13 AM

Rupee at 39.64 to a dollar, is that breather for IT sector ?

redarmy · #17 24th January 2008, 08:53 AM

Quote:

Originally Posted by marcus

Oscillators should generally not be used for trending stocks, during uptrend you'll find the RSI near 70 and more or less in the overbought region but yet the trend will continue vice versa for downtrends you'll find the stock near the oversold region of 30 and the trend will still continue.

Oscillators are intended for use in trading ranges.

If you choose to use the RSI for trending stocks you'll find in an uptrend the RSI will generally find support at 40 and turnback at 80, for a downtrend you'll find the RSI has support at around 20 and turns back at around 60. Its possible to use these levels tentatively for short price swings after adjusting the RSI period every 2-3 months for the best overbought and oversold levels at the current time. Do not consider arbitary values.

Even then you'll only benefit for short term price swings.

Yes, i take reference from the support end of nov, and that's why i use RSI as an oscillator to get the rebound. It's only rebound in my humble opinion... major trend is still down! keke

sudhanshubhasin · #18 24th January 2008, 07:00 PM

Don't buy Infosys now (only suggested)