Infosys price is running between a channel.
Security-wise average deliverable percentage for May 2021 till 21-05-2021 is almost 57%.
If stock successfully breakout the channel, we can expect an upside move for a new positional entry.
Fundamentally the company is performing very well. Also dividend of Rs.15 per share is declared.
After breakout, wait for a pull back. Stock may retest the support level and then it can move upside. Take entry after a confirmation candle with a good volume.
Disclaimer : I am not Sebi registered or expert in stock market. This is my personal analysis for educational purpose. I am not responsible for any profit / loss.
Security-wise average deliverable percentage for May 2021 till 21-05-2021 is almost 57%.
If stock successfully breakout the channel, we can expect an upside move for a new positional entry.
Fundamentally the company is performing very well. Also dividend of Rs.15 per share is declared.
After breakout, wait for a pull back. Stock may retest the support level and then it can move upside. Take entry after a confirmation candle with a good volume.
Disclaimer : I am not Sebi registered or expert in stock market. This is my personal analysis for educational purpose. I am not responsible for any profit / loss.
Trade closed: target reached:
Infosys near to the previous resistance. Now you can book profit or trail your stoploss.