INFY is trading below long time support/ trend line and is expected to retest previous highs given IT industry needs to bounce back as it forms the back bone of banking and other tech related sectors. BNF & NDX are near record highs. hence it should be a just a matter of time when this bounce back happens. Time to take delivery of IT stocks - Large cap IT stocks
have marked key zones in the chart, Let's see how this works out.
Pro tip: Also, all of these stocks are paying very good dividend, buying these at lower levels will ensure a higher dividend payout ratio. INFY pays one of the best dividends, great stock to add for stability. Infy's most business comes from long term business contracts and hence should not be affected by short term concerns. It's one of the best PE ratio's at the moment.
rare moment/opportunity to add in INFY