Tuesday, January 03, 2006

Infosys Tech is creating a rising wedge and there are signs of reversal. Volumes are reducing.Divergense also shows negative trend.Besides,Bollinger Bands are extremely narrow. My Take is to create a short position from hereon the reversal would get confirmed as it breaches,2960.One can even wait to create position till that level. Also have a strict stop at 3027.If it breaches then a Long can be taken.

Ravi Pathak
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2 comments:

Anonymous said...

hi ravi,
unrelated comment - though ur post about shorting infy was spot on!

this is about the site tradeover.net that u recommended. any idea how i can (if at all) create short positions.

thanks and regards
bc

January 12, 2006 4:41 AM
Ravi Pathak said...

Sir,
Can i get ur email so that I can let u know how to short it.

When u click on stock(or commodity or indicies)you will have option below the buy tab. but Shorting here remains for 24 Hrs only.
Thanx for your respose,
Ravi

January 12, 2006 5:10 AM

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