We have seen about a 40% fall from its all-time high in Infosys Ltd.
Currently Stock is trading at .50 Fibonacci support i.e. 1230, which is coincided with a price action support at 1250.
Hence we have a support band from 1230-1250.
Stock can be a very good value buy at the current level for long-term investment purposes.
Price has reated to a Demand in Higher Timeframes, after reacting Price has violated a Daily Supply confirming an UpMove, post violating the Daily Supply Price has formed a Daily Demand and has reacted to it, Was a perfect buy for yesterday, expecting Price to reach the Resistance formed in the opposite @ 1355.00, therefore a total of 6.5% from CMP till the TGT...
Infosys Futures Key Trading level 27th June 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor...
