Stocks To Keep A Close Eye On

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rajeabc

Well-Known Member
Hi Savant/ Anant Sir ,

How do you see Infosys and SBI in short term say in a month time ?
They both are trading near their strong resistance. Was thing to short but ..
I have noticed INfosys in Anant Sir's active list and target 2900 + but it could not have been able to cross res (2800-2830) since april 10

Thanks
Raj
 
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asnavale

Well-Known Member
Hi Savant/ Anant Sir ,

How do you see Infosys and SBI in short term say in a month time ?
They both are trading near their strong resistance. Was thing to short but ..
I have noticed INfosys in Anant Sir's active list and target 2900 + but it could not have been able to cross res (2800-2830) since april 10

Thanks
Raj
Hi Raje,

SBIN is making higher highs and higher lows since February. Therefore, it has very good potential to go up. Minor dips are quite common and are opportunities to add up to our positions. You can also read the post by Savant in this thread earlier about the Bank stocks and RBI policies. Therefore do not get upset by minor dips.

INFOSYSTCH is trying to surpass the levels you mentioned and could not do. Now again it is moving towards that level. But you can see from charts that it is also getting support at higher and higher levels. So, the more number of times it fails the more strength it gains and ultimately when it breaks out of that resistance it will have a much better run up because of the strength it has built up during the failed levels. In addition, INFOSYS is sensitive to factors other than the company's own performance. For example the Rupee-Dollar exchange rate also influences the price of INFOSYS. But these are temporary effects which will vanish later.

-Anant
 

rajeabc

Well-Known Member
Hi Raje,

SBIN is making higher highs and higher lows since February. Therefore, it has very good potential to go up. Minor dips are quite common and are opportunities to add up to our positions. You can also read the post by Savant in this thread earlier about the Bank stocks and RBI policies. Therefore do not get upset by minor dips.

INFOSYSTCH is trying to surpass the levels you mentioned and could not do. Now again it is moving towards that level. But you can see from charts that it is also getting support at higher and higher levels. So, the more number of times it fails the more strength it gains and ultimately when it breaks out of that resistance it will have a much better run up because of the strength it has built up during the failed levels. In addition, INFOSYS is sensitive to factors other than the company's own performance. For example the Rupee-Dollar exchange rate also influences the price of INFOSYS. But these are temporary effects which will vanish later.

-Anant
Anant Sir , Thanks a lot.
 
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