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Posts Tagged ‘Satyam Stock’

Buy or Sell – Satyam

Thursday, July 30, 2009 3 comments

Satyam which had a horrific past couple of months but the stock is finally bouncing back. The stock’s fortunes depend on the revival of IT sector, which according to Infosys CEO should happen by middle of 2010. This implies that the price rise in the stock should begin to happen in next 1-2 quarters.

Technically speaking, the stock is in an uptrend and will remain so, as long as it stays above 75-80 levels. below that it can slip into a downward trend or a sideways mode.

In nutshell, I’d be a buyer in the stock and ride the uptrend to may be 125-130 and possibly 150+ ¬†in medium term.

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INFY,Wipro,TCS,Satyam -Current price trend

Monday, July 30, 2007 Leave a comment

INFOSYS– This stock is moving now in the 1900-2050 band. Expect no great movements on either side till this range is broken.

TCS– 1100 and 1050 are some good supports for the stock. You might want to use these levels for some countertrend trades

WIPRO– This has been one of our countertrend trade ideas. This is trading very close its support levels of 485-490 levels.

SATYAM – 440 remains a support while 500-510 remains a resistance. Again stuck in a range.