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jay-chopra
Oct 1, 2022 2:20 PM

Buy out the dip of 1350 in Infosys Long

INFOSYS LTDNSE

Description

NSE:INFY is one the leading IT consultancy company which does not need any description. Infy recently broke 1360 levels. Investors might add this scrip in their portfolio at current levels. Also one can average out if we see 1300 levels.

No chart patterns are favourable
Nothing so called trend reversal

This is an effect of unfavourable market conditions [Global Indices]
The rising dollar index

This might soon settle in near time and we might see 20% upside i.e 1600 levels. before the end of this year
Comments
jay-chopra
Consolidation Phase in IT sector likely to end before budget 2023. INFY can be added for 5-10% upside in short term. Add more near 1500 levels
jay-chopra
Trading above 1500 levels
Good Results + Dividend + Buyback (1850) will support price actions further...
jay-chopra
Let's have a look at results upcoming this week
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