๐
INFY Recommendation on
INFY for the week starting 4th September 2023
๐ Current Status:
Closing Price: โน1443.85 ๐
52-Week Range: High of โน1672.60 ๐๏ธ
P/E Ratio: 24.27 ๐
Position: Mid-range of 52-week high and low ๐ฏ
๐ Technical Analysis:
1๏ธโฃ Parabolic SAR: Recent buy signal ๐
2๏ธโฃ Fibonacci Levels: Trending up past 0.618 ๐
3๏ธโฃ MACD: Positive divergence ๐
4๏ธโฃ Stochastics & RSI: Upwards but reaching the upper band (K at 100.00) ๐
5๏ธโฃ %R and Fisher: On the upside (Fisher at 3.38) ๐
๐ฏ Recommendations:
Entry Point: Anytime on 4th September 2023 around 11:00-11:30 AM, if sentiment is positive ๐
Target 1: โน1457.35 ๐ฏ
Target 2: โน1498.15 if Target 1 is sustained ๐ฏ
Stop Loss: โน1401.9 ๐ซ
๐ Rationale:
INFY is a valuable buy for investors with a medium-term horizon. The stock is supported by several bullish technical indicators and is situated at the mid-point of its 52-week range.
๐ฃ Disclosure & Disclaimer:
This recommendation is for informational purposes only and not financial advice. Kindly consult your financial advisor before making any investment decisions.
๐ฑ Want to stay updated?
Hit that subscribe button to get real-time analysis and stock picks! ๐๏ธ
๐ Current Status:
Closing Price: โน1443.85 ๐
52-Week Range: High of โน1672.60 ๐๏ธ
P/E Ratio: 24.27 ๐
Position: Mid-range of 52-week high and low ๐ฏ
๐ Technical Analysis:
1๏ธโฃ Parabolic SAR: Recent buy signal ๐
2๏ธโฃ Fibonacci Levels: Trending up past 0.618 ๐
3๏ธโฃ MACD: Positive divergence ๐
4๏ธโฃ Stochastics & RSI: Upwards but reaching the upper band (K at 100.00) ๐
5๏ธโฃ %R and Fisher: On the upside (Fisher at 3.38) ๐
๐ฏ Recommendations:
Entry Point: Anytime on 4th September 2023 around 11:00-11:30 AM, if sentiment is positive ๐
Target 1: โน1457.35 ๐ฏ
Target 2: โน1498.15 if Target 1 is sustained ๐ฏ
Stop Loss: โน1401.9 ๐ซ
๐ Rationale:
๐ฃ Disclosure & Disclaimer:
This recommendation is for informational purposes only and not financial advice. Kindly consult your financial advisor before making any investment decisions.
๐ฑ Want to stay updated?
Hit that subscribe button to get real-time analysis and stock picks! ๐๏ธ
Note
Target one has been achieved. Now you can either book the full profit and those who are having a risk appetite can book partial profit. And the partial amount can be carried forward till the next target levelTrade closed: target reached
Exit positionDisclaimer
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.