A consistent compounding return giving stock has retraced 50% from its high. Recent quarterly results along with the sector underperforming, have plummeted the stock to an attractive level.
For a good quality company like Infosys, one or two bad quarters do not matter much in the long run.
The price has taken good support at 50% retracement levels, along with DMI bullish crossover, one can start accumulating INFY at current levels of 1330-1360 with a Stop Loss below 1250 for targets of 1605/1855
Note - This is long term pick, one can expect investment horizon 1-3 years
For a good quality company like Infosys, one or two bad quarters do not matter much in the long run.
The price has taken good support at 50% retracement levels, along with DMI bullish crossover, one can start accumulating INFY at current levels of 1330-1360 with a Stop Loss below 1250 for targets of 1605/1855
Note - This is long term pick, one can expect investment horizon 1-3 years
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.