Infosys On Bullish trend. Reversal from lows strengthened

2 set 2023

📆 INFY Recommendation on INFY for the week starting 4th September 2023

📊 Current Status:

Closing Price: ₹1443.85 📈
52-Week Range: High of ₹1672.60 🏔️
P/E Ratio: 24.27 📊
Position: Mid-range of 52-week high and low 🎯

📈 Technical Analysis:

1️⃣ Parabolic SAR: Recent buy signal 👍
2️⃣ Fibonacci Levels: Trending up past 0.618 📈
3️⃣ MACD: Positive divergence 📈
4️⃣ Stochastics & RSI: Upwards but reaching the upper band (K at 100.00) 📊
5️⃣ %R and Fisher: On the upside (Fisher at 3.38) 📈

🎯 Recommendations:

Entry Point: Anytime on 4th September 2023 around 11:00-11:30 AM, if sentiment is positive 🕚
Target 1: ₹1457.35 🎯
Target 2: ₹1498.15 if Target 1 is sustained 🎯
Stop Loss: ₹1401.9 🚫

🔎 Rationale:

INFY is a valuable buy for investors with a medium-term horizon. The stock is supported by several bullish technical indicators and is situated at the mid-point of its 52-week range.

📣 Disclosure & Disclaimer:
This recommendation is for informational purposes only and not financial advice. Kindly consult your financial advisor before making any investment decisions.

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7 set 2023

Nota

Target one has been achieved. Now you can either book the full profit and those who are having a risk appetite can book partial profit. And the partial amount can be carried forward till the next target level

21 set 2023

Trade chiuso: obiettivo raggiunto

Exit position