We have been bullish over the IT Sector since the end of 2017. This sector has been an outperformer irrespective of the market conditions. L&T Infotech is one such stock which we picked up from the IT Sector as our multibagger pick. It has performed exactly as expected and achieved our target of 1900 exactly in 6 months. This shows the power of Elliott Wave.
Identifying the outperforming sectors and stocks has been helping us to precisely forecast the trend for the stocks. With help of Elliott Wave and various other methods we have able to capture major moves in stocks
See yourself below chart of L&T Infotech which helped us to be bullish at 1390 levels and the stock touched intraday high of nearly 1917 in today’s session. That is a whopping 38% return in just over 6 months.
Refer detailed research below which was published in our Multibagger research report.” The Financial Waves Multibagger”
Long term stock pick: L&T Infotech
L&T Infotech daily chart: Anticipated on 8th March 2018
L&T Infotech daily chart:Happened as on 4th September 2018
Anticipated on 3rd March 2018
L&T Infotech CMP: 1390
Buy Price – 1390
Time Horizon – 6 months
Investment – 5% of capital
Target price – 1750 followed by 1900 levels
Stoploss – 1190
The following was published in the Multibagger research report on 3rd March 2018 which was exactly 6 months earlier
Neo wave pattern – It has shown an impulsive rise from 600-level since November, 2016. It completed primary wave (3)near 1400 levels and seems to be forming a double-correction pattern in form of wave (4). This is a running correction which suggests that wave (5) when it opens on upside can be sharp and fast. Any move above 1550level will confirm the start of wave (5). Prices may drive to 1750-level in medium term which is obtained by projecting wave x on upside. From long term perspective there is possibility that we might see much higher levels over next two years which will be in sync with Nifty IT index outlook mentioned above.
25-period Simple Moving Average – has been providing a strong support to the rally of L&T Infotech which started in September, 2017. The stock has been touching this moving average and bouncing back multiple times and has witnessed heavy buying whenever it has touched this average. …..
Ratio analysis – L&T Infotech / Nifty IT Index is a ratio that compares the company’s share price with the overall industry index. …..
Path ahead – As mentioned earlier the pattern target for this stock comes to around 1750 followed by 1900 on the upside. The rise has been impulsive in nature. In a nutshell the trend for L&T Infotech is positive as long as 1190 levels remain intact on downside. Buying can be done in staggered fashion in this stock!
Happened: Prices moved precisely as expected and made a high near 1918 levels giving returns of around 38% in precise 6 months time frame mentioned earlier. We cannot be more accurate than this.
This clearly shows even in this market when only a few stocks are participating we have been able to identify a stock having potential to give amazing returns.
Create your portfolio of stocks that have potential to give 80% to 100% returns over 1 to 2 years. However, one has to take a systematic and disciplined approach and book partial profit for capital protection. Subscribe now to “Multibagger research report” here.