Thread on #NiftyIT and Tech stocks.
Trend is down now.
Will add more charts here.
More from Shivaji Vitthalrao🇮🇳
Hindcopper -- Support (SL) 135 was held.
More upside above 158.
Targets as given 200-212
#Hindcopper
More upside above 158.
Targets as given 200-212
#Hindcopper
Hindcopper cmp146+
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) July 6, 2021
Previous low 135 can be the SL for longs.
Possible short term bottom here CONFIRMATION ABOVE 158 for further upside https://t.co/iofvrn6l5b
More from Infylongterm
1.6x PEG on forward PE is not cheap for most stocks but this is Infy...Pristine quality.
Infosys PEG ratio (1-year fwd PE/EPS growth) down to 1.4x from a peak of 2.7x as PE cut by 27% & EPS growth cut by 5% - trades at 23.3x PE for 11% FY23 growth. If this is a mid-cycle correction, its done BUT if this is the great valuation reset - more fall coming
— ThirdSide (@_ThirdSide_) May 25, 2022
Place your bets pic.twitter.com/9ZlaLDcxPZ