Multibagger Stock – Why Infosys is Up 80% In A Year!
Aug 18, 2021Like this Article? Share it with your friends!
Infosys has touched a new lifetime highs today and has hit the target of our Multibagger stock recommendations.
We had recommended to buy Infosys in our Multibagger stock report back in July 2020 around 870-960 levels! Below shows a detailed chart and analysis that the stock followed.
Infosys Daily chart: (Buy Given near 870-960 range) in July 2020
Multibagger stock recommendation on 28th July 2020: Infosys
Buy Price – Buy at CMP 960 and more on dips to 870
Time Horizon – 2 -3 years
Investment – 5% of capital
Target price – 1750 levels
Stop loss - 600
Refer detailed research below
Following relative comparative chart was published in Multibagger research report -
IT sector comparative chart:
Infosys weekly chart: - log Scale as published on 28th July 2020
Infosys weekly chart: - Arithmetic Scale as published on 28th July 2020
Following was mentioned on 28th July 2020 in our Multibagger research report -
Nifty IT has shown a huge outperformance over past one month and this can be seen from the IT sector chart. Here we can see IT and Auto as outperformer and it is after many years of consolidation Infosys in this sector has started showing outperformance. This stock can have long way to go from here on.
Elliott wave perspective: It has shown an impulsive rise. As per wave perspective corrective wave (2) which was forming a Diametric pattern has been terminated near 450 levels and near channel support. Currently we are moving in strongest and longest wave (3). So we are moving in very powerful and impulse wave (3) which could take prices towards 1750 or higher levels which is the upper trendline of the channel.
We are showing both the arithmetic and logarithmic charts. During such big moves the entire perception and interpretation changes and so it is best to look at the charts on both the scales with projection on the log scale. The rise seen on arithmetic is clearly showing power of 3rd wave and it will have long way to go if the entire wave (2) was indeed a running correction.
In a nutshell, it is ideal time to start accumulating IT stocks. As mentioned earlier the target for this stock comes to around 1750 on the upside. The rise has been impulsive in nature. The trend for Infosys is positive as long as 600 levels remain intact on downside. Buying can be done in staggered fashion towards 870 levels in this stock! BANG ON!
Happened: Infosys has hit our target of 1750 almost within a year giving more than 82% returns.
Independence Day Offer - The above analysis clearly shows how one can identify the stocks from positional investment perspective just with the help of Elliott wave, Channels and other basic indicators. If you wish to build portfolio we can help you with identifying the stocks which can give alpha returns over medium to long term holding period. Grab your Multibagger Research Now under the special Independence Day Offer over here
Master of Elliott Waves – The time is NOW to equip yourself with tools and knowledge that stays for lifetime. Elliott Wave can help in forecasting market from 5 minutes to 100 years, Yes that is the power of this method. Also time the turns accurately using Time Cycle methods. Why miss out learning these methods from Ashish Kyal, CMT, Author or International Book that can make you trade accurately and consistently. Fill the below form for more details