Somewhere in March 22 Infy made a double top kind of a formation and gave a huge breakdown. I gave a sell call around 1560 for the target of 1300. All my targets were hit. Now after 3 years consolidation, Infy again gave a breakout above its all time high of 1938. The more interesting part is it took 4 months resistance at this leave and gave breakout last week which is giving me a very good and confident feeling about this trade. Technically, it has made a rounding bottom pattern with a very good consolidation so its a no go trade for me.
Fundamentally, its one of the best IT companies of India and famous worldwide so any investor can take this trade without fear and sleep in the night without thinking about the SL. I just gave a basic targets but in long run investors can make a fortune with this company and trade. I am recommending this stock to buy since 1300 so people who took that trade are in good profits already. Nevertheless a new entry at this point is good as this stock is ready to trade in blue sky.
CMP - 1999 (14/12/24)
T - 2400, 3200 W
Fundamentally, its one of the best IT companies of India and famous worldwide so any investor can take this trade without fear and sleep in the night without thinking about the SL. I just gave a basic targets but in long run investors can make a fortune with this company and trade. I am recommending this stock to buy since 1300 so people who took that trade are in good profits already. Nevertheless a new entry at this point is good as this stock is ready to trade in blue sky.
CMP - 1999 (14/12/24)
T - 2400, 3200 W
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