We recommended four IT stocks here and suggested to diversify the trading capital in the following way:
| Capital Allocation | |
| 1. Infosys | 30% |
| 2. TCS | 30% |
| 3. D-Link (India) | 25% |
| 4. Majesco | 15% |
Hypothetically, ₹1,00,000 /- (1 Lakh) capital should be diversified in this way:
- Infosys – 30,000/-
- TCS – 30,000/-
- D-Link – 25,000/-
- Majesco – 15,000/-
POSITIONAL TRADING ADVICE - Stock # 1
BUY Infosys Limited (NSE: INFOSYS)
Capital Allocation – 30%
INFOSYS STOCK RECOMMENDATION
| CP# | 720.65 |
| Idea | BUY |
| Buy Range | 685 – 710 |
| Target | 800 – 810 |
| Duration | 3 – 4 Months |
| Potential Returns^ | 15 – 16% |
| CP# | Idea | Buy Range | Target | Duration | Potential Returns^ |
| 720.65 | BUY | 685 – 710 | 800 – 810 | 3 – 4 Months | 15 – 16% |
# CP – closing price on June 23, 2020.
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 760.
^ Potential returns are calculated based on the median of buy range.
INFOSYS TRADING UPDATE - POSITION & ACTIVITIES
Buy Infosys | Expected Profit 15-16% by GoodluckCapital on TradingView
POSITIONAL TRADING ADVICE - Stock # 2
BUY Tata Consultancy Services (NSE: TCS)
Capital Allocation – 30%
TCS STOCK RECOMMENDATION
| CP# | 2035.3 |
| Idea | BUY |
| Buy Range | 1970 – 2000 |
| Target | 2200 – 2300 |
| Duration | 3 – 4 Months |
| Potential Returns^ | 12 – 16% |
| CP# | Idea | Buy Range | Target | Duration | Potential Returns^ |
| 2035.3 | BUY | 1970 – 2000 | 2200 – 2300 | 3 – 4 Months | 12 – 16% |
# CP – closing price on June 23, 2020.
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 2118.
^ Potential returns are calculated based on the median of buy range.
TCS TRADING UPDATE - POSITION & ACTIVITIES
Buy TCS | Expected Profit 12-16% by GoodluckCapital on TradingView
POSITIONAL TRADING ADVICE - Stock # 3
BUY D-Link (India) (NSE: DLINKINDIA)
Capital Allocation – 25%
D-LINK INDIA STOCK RECOMMENDATION
| CP# | 88.7 |
| Idea | BUY |
| Buy Range | 86 – 91 |
| Target | 110 – 120 |
| Duration | 3 – 4 Months |
| Potential Returns^ | 24 – 36% |
| CP# | Idea | Buy Range | Target | Duration | Potential Returns^ |
| 88.7 | BUY | 86 – 91 | 110 – 120 | 3 – 4 Months | 24 – 36% |
# CP – closing price on June 23, 2020.
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 99.
^ Potential returns are calculated based on the median of buy range.
D-LINK INDIA TRADING UPDATE - POSITION & ACTIVITIES
Buy D-Link India | Expected Profit 24-36% by GoodluckCapital on TradingView.
Majesco Limited STOCK RECOMMENDATION
| CP# | 348.6 |
| Idea | BUY |
| Buy Range | 340 – 350 |
| Target | 400 – 420 |
| Duration | 3 – 4 Months |
| Potential Returns^ | 16 – 22% |
| CP# | Idea | Buy Range | Target | Duration | Potential Returns^ |
| 348.6 | BUY | 340 – 350 | 400 – 420 | 3 – 4 Months | 16 – 22% |
# CP – closing price on June 23, 2020.
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 374.
^ Potential returns are calculated based on the median of buy range.
MAJESCO LIMITED TRADING UPDATE - POSITION & ACTIVITIES
Buy Majesco Limited | Expected Profit 16-22% by GoodluckCapital on TradingView