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.1050|
|Time Horizon||2-4 Weeks|
Intermediate and short term trend is up in this stock. The stock has continuously been making a higher top and higher bottom formation on the daily chart 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 1095-1105) With a stop loss of Rs. 1050 on closing basis and respected target seems Rs 1200-1240. Time frame should be 2-4 weeks.
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