Infosys : Anticipating Handsome Return (45% from now)Hi friends,
Target & Stoploss are mentioned on the self explanatory chart .
please don`t go with the buzz around you regarding the stocks and stock market .
Please follow what Technical chart & analysis is conveying .
Infosys is a large cap & profitable company for quite a long .
Please feel free to comment or share your views on my analysis .
Note : I am not SEBI registered advisor . Please consider my analysis for education purpose only .
Infosysinvestment
Breakout in Daily Charts*NSE Cash study
Infy did try very hard to cross the 20 day EMA yesterday and did too but couldn't hold. Nearing the end of the day, IT stocks took a beating and so did the market.
Now, looking at the charts today, RSI held above 50 and so did the trend on the daily charts. I see a strong support at 1290 levels so we can go long with a stop-loss below 1290 for targets of 1350 and 1380 or even 1390+.