Infosys is engaged in consulting, technology, outsourcing and next-generation services. Company’s segments are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH). The Company operates in North America, Europe, India and Rest of the World.
|Stop Loss (SL)||Rs.1055|
|Time Horizon||2-4 Weeks|
Intermediate Long term trend is up in this stock. The stock has been in an uptrend making higher tops and higher bottom formation on the daily chart; after a moil correction prices have resumed its upwards journey. The stock has also given a breakout from a Flag Pattern which is bullish in nature. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 1110-1120) With a stop loss of Rs. 1055 on closing basis and respected target seems Rs 1190-1250. Time frame should be 2-4 weeks.
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