Technical Analysis:Infosys and Jubilant Food

By | December 14, 2011

I believe that one of the most important qualifications for a successful trader is “POISE”, which to me is defined as stability, a well balanced person with dignity of manner – as it relates to the stock market.A poised person is a person who can handle their hopes and their fears in a calm manner.

Infosys Limited

 

Infosys is unable to cross its 200 DMA with rupee trading at 53. Higher the rupes goes its good for exporters Like Infy whose revenues increases with rise in rupee.

2765 is Laxam Rekha for Infy above it it will touch the upper end of trendline marked in Blue color.

Close below 2708 will break the rising trendline from channel and will terminate the immediate short term

Buy above 2765 Tgt 2798 and 2831

Sell below 2718 Tgt 2685 and 2662 

 

Jubilant Food

 

Jubilant has closed below 200 DMA for 2 days in a row,today also if it closes below 20DMA than stock will enter in intermediate downtrend and correct till 500 odd levels in short term

Sell below 729 Tgt 716,703,696 and 673

Buy above 755 Tgt 757 and 768

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