Observations::
-------->> the stock is trending downwards in daily time frame.
--------->> created a demand zone @1230 range.
---------->> now the stock price is trading @ 1280 level, facing resistance several times,
if price gives break above this levels we will observe a strong momentum towards upside is possible.
if again falls from this place we will buy @ 1230 range.
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.
