INFY has exhibited breakout of its range and the stock closed today with retesting the breakout level on the 30 minute time frame. We will keep this stock in watch list for tomorrow, 22 Sep for a possible continuation in the direction of the breakout.
Trade closed: target reached:
INFY gave a good gap up move on Friday, meeting and exceeding our short-term swing target of 1755. Cash players and trend followers trading on Day chart may continue to hold as the stock has broken out of the daily consolidation as well.