Buy Infosys Ltd For Target Rs.1950 - Monarch Networth
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Infosys
Stock has corrected nearly 15% from its recent high of 1950 leveland made a low of 1665. It has made multiple bottoms near this level in the past and currently forming a base near this support level.
Momentum indicator Stochastics has given positive divergence on daily chart and it has also given positive cross over on weekly chart.
Recommendation is to Buy in the range of 1700-1750keeping Stop loss at 1590 level and Target at 1860-1950 levels
Daily Chart:
Buy : Infosys : CMP: 1738 SL: 1590 TARGET :-1950 TIMEFRAME: 2-3 MONTHS
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