Comments
Infosys (₹2041.8)
Infosys surged 4.2 per cent moving out of the band between ₹1,900 and ₹2,000 last week. The stock has also moved slightly above its 200-day moving average. The oscillators on the daily chart are trending northwards, backing the stock’s upmove. Traders with a short-term perspective can buy the stock with a stop-loss at ₹1,950 levels. A positive start in the week ahead can extend the stock’s bullish momentum and push it higher to ₹2,150 and ₹2,250 levels. Investors with a medium-term view can also buy the stock with a deep stop-loss at ₹1,900. A strong rally beyond ₹2,250 can take the stock higher to ₹2,350 in the medium term. On the other hand, a conclusive fall below the significant support level of ₹1,900 will bring back bearish momentum and pull the stock down to ₹1,800 or ₹1,700 in the medium term.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.