manavtechresearch

INFY POSSIBLE DOUBLE BOTTOM BREAKOUT

Long
NSE:INFY   INFOSYS LTD
-stock is moving in a ascending triangle pattern as well
-breakout will also lead to double bottom break
-momentum can be expected based on accenture results
-not long on nifty IT index
-expect sooner or later the rally to end
-stock specific rally expected
-underperformed to TCS will catch up

INFY FUT/CASH

BUY@1755-1758(ABOVE)
STOP@1725
TARGET-1@1775
TARGET -2@1795
TARGET-3@1808

Trade closed: target reached:
first target hit

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