INFOSYS - Long way to go above 1000 after consolidation.
INFOSYS : Consolidating between 773 and 712. Similar pattern to the earlier consolidation marked in chart.
After consolidation , will break 773 and travel long way above 1000 in coming months.
Unlikely to go below 712 hereafter.
Can accumulate between 712 and 773 with SL below 705.
Once breaks 773 , rollover the stock for min 6 months.
INFY
DISCLAIMER: I am not a Qualified Technical analyst. Please do your own analysis before taking any investment decisions.
After consolidation , will break 773 and travel long way above 1000 in coming months.
Unlikely to go below 712 hereafter.
Can accumulate between 712 and 773 with SL below 705.
Once breaks 773 , rollover the stock for min 6 months.
INFY
DISCLAIMER: I am not a Qualified Technical analyst. Please do your own analysis before taking any investment decisions.
Comment:
This view is valid only till 705 holds.