BUY INFY ABOVE 1155 TGT 1170/1190 SL 1140
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To read nifty report visit niftytipsniftylevels.blogspot.com
To read nifty report visit niftytipsniftylevels.blogspot.com
We are recommending a buy on the IT sector, it seems to be very strong and we are recommending INFY stock in the IT space. Primary trend of the INFY is bullish for now and After showing short term correction from the higher level of 1217, now stock is trading in short-term recovery phase, it is forming reversal pattern in short-term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 1165 as the stock is managing to trade above its 22 &55 and 200 days moving averages with the RSI of 65, one may expect the targets of 1170/1190 in the stock if it manages to sustain above the immediate strong support level of 1140. strong resistance would be seen at 1171. and Below 1145 you may expect the target of 1130/1110.
DAILY
CHART FOR INFY:
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