INFY -maturing stage setting in?

The Infosys results actually surprised me. A down quarter was not what I was expecting. It makes me wonder whether the 'Growth Phase' of this industry is near completion and a 'maturity stage' is setting in!

Even the monthly charts of Infosys Tech seems to suggest that we may be very close to a peak.



The previous peaks were made in year 2000 (the 'start-up' stage of the industry) and the second peak was in 2007 (the growth stage). The recent peak when viewed with the current quarterly results may well be suggesting to the long term investors to sit up and re-evaluate their 'buy and hold' long term strategy.

(yes - price analysis is as useful to long term investors as to short term ones)
Those of you who hold the stock may want to encash some profits and invest in some other 'sunrise' industry!

Happy investing

CA Rajiv D Khatlawala
www.investogyan.com