Inofosys "Catch me if you can" - CMP 1578

If TCS is almost trading at Lifetime High, HCL is as well. Why would you think Infosys won't go till Lifetime high?

Cup and handle break-out completed. This large cap is likely to give a 20% return in the short term.
Fundamental Rationale:
As per Reuters "The Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024."

When borrowing cost goes down >> people and businesses borrow more>> They spend more >> Money circulation in the economy increases (due to increasing demand and production). >>More revenue to service industries. US IT companies can resume expansions that were on hold due to inflation. The scenario now is that since they can start new projects owing to lower loan interests, Indian IT companies will benefit. Since the majority of US companies outsource IT labour to Indian IT service companies,. Infosys/TCS etc., these companies can see an increase in revenue in the incoming quarters.

We can see opportunity in the chart pattern; invest and just wait patiently for a return.
Manage your risk; it is advisable not to invest more than 5% in one script.

Disclaimer: All views are personal. This is not a recommendation. Trade at your risk.