Infosys On Bullish trend. Reversal from lows strengthened

finogent Updated   
πŸ“† INFY Recommendation on INFY for the week starting 4th September 2023

πŸ“Š Current Status:

Closing Price: β‚Ή1443.85 πŸ“ˆ
52-Week Range: High of β‚Ή1672.60 πŸ”οΈ
P/E Ratio: 24.27 πŸ“Š
Position: Mid-range of 52-week high and low 🎯

πŸ“ˆ Technical Analysis:

1️⃣ Parabolic SAR: Recent buy signal πŸ‘
2️⃣ Fibonacci Levels: Trending up past 0.618 πŸ“ˆ
3️⃣ MACD: Positive divergence πŸ“ˆ
4️⃣ Stochastics & RSI: Upwards but reaching the upper band (K at 100.00) πŸ“Š
5️⃣ %R and Fisher: On the upside (Fisher at 3.38) πŸ“ˆ

🎯 Recommendations:

Entry Point: Anytime on 4th September 2023 around 11:00-11:30 AM, if sentiment is positive πŸ•š
Target 1: β‚Ή1457.35 🎯
Target 2: β‚Ή1498.15 if Target 1 is sustained 🎯
Stop Loss: β‚Ή1401.9 🚫

πŸ”Ž 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.

πŸ“£ Disclosure & Disclaimer:
This recommendation is for informational purposes only and not financial advice. Kindly consult your financial advisor before making any investment decisions.

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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 level
Trade closed: target reached:
Exit position


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