Infosys
The IT industry's beautiful script has had corrections of about 14% since its recent peak. This, in my opinion, is an excellent opportunity to invest in this kind of stock.
I've seen that the RSI is oversold relative to its position, and I believe this could be an attempt at a positive retracement (there hasn't been any evidence as of yet). I'm hoping for a bullish retracement in the 1490–1470 region. If it crosses the 1510 mark, there might be a nice return.
It can potentially reach 1550, 1580, and 1600 above 1510.
Please don't take it personally; the intent is just educational.
Please consult your advisor before to making any investments.
The IT industry's beautiful script has had corrections of about 14% since its recent peak. This, in my opinion, is an excellent opportunity to invest in this kind of stock.
I've seen that the RSI is oversold relative to its position, and I believe this could be an attempt at a positive retracement (there hasn't been any evidence as of yet). I'm hoping for a bullish retracement in the 1490–1470 region. If it crosses the 1510 mark, there might be a nice return.
It can potentially reach 1550, 1580, and 1600 above 1510.
Please don't take it personally; the intent is just educational.
Please consult your advisor before to making any investments.
Comment:
Today's opening at a positive level suggests that if it holds around 1510, an upward trend may begin.