Sify Technologies Stock Trade Betting On India’s Growing Middle Class

by Olivier on September 21, 2011

As I promised in today’s newsletter, here’s a Video analysis of SIFY – Sify Technologies Limited, my newest portfolio addition. I explain my trading rationale from a macro analysis standpoint and then I discuss the stock from a technical analysis perspective. Enjoy!

Here’s a summary of the video content:


  • Growing middle class in India
  • Money is flowing to Asia. That’s where the creditor nations are located
  • Creditor nations and emerging market in Asia will most likely be the winners of the 21st century
  • Weekly chart implies potentially huge gains
  • Round number price target could act as price magnet
  • Other time frame market participants could provide additional buying pressure 


  • Potential bear market environment (constructive chart patterns are starting to emerge though)
  • Stock couldn’t hold on to its gains and didn’t close near the day’s high
  • Bullish pattern could morph into a bigger and different pattern taking more time to unfold

To make a long story short: My opinions don’t matter. The trade will either work or my stop loss will take care of business.

On another note: If you are from India or want to trade stocks listed on Indian exchanges are interested in the Bombay BSE, Nifty etc. you might want to have a look at a technical trader’s website located in India. He has posted excerpts of my posts in the past and has always been so kind as to link to the original source. I like honesty and integrity.

Go check his website: Trading Steps – Sudarshan Sukhani

India is the cradle of the human race, the birthplace of human speech, the mother of history, the grandmother of legend, and the great grand mother of tradition. Our most valuable and most instructive materials in the history of man are treasured up in India only. – Mark Twain

My public list with all my charts can be viewed here:

Buenas noches!

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