Buy Infosys Ltd For Target Rs.1955 - Monarch Networth Capital
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Infosys Ltd
Stock is trading above 200 EMA and it has also taken support above lower trend line of “Expanding triangle” pattern. Momentum oscillator RSI is currently not supportive as it is trading below 40 level however, once it starts to sustain above 60 level then prices may see further build-up in momentum.
Recommendation is to buy at current market price keeping stop loss at 1600 and target at 1900 – 1955 level.
RECOMMENDATION: BUY CMP: 1742 SL: 1600 TARGET: 1955 TIMEFRAME: 2-3 MONTHS
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