Infy: – Infosys stock price is up by 17 points or 2.37% to 733.10 in today’s trading session. Since 15 Jan 2019, the stock trading in the price range of 70 points from 703-773. The stock price while trading in a range has already completed the double top pattern, but it took support from the support line and now heading towards the resistance line.
The price action has formed two identical bullish wedge pattern whose upside target is the same as the resistance line of the trading range. On indicator front, RSI at 52 is showing strength in the trend and has more room for upside in the coming time. While volume remains constant in the counter.
Moneyites.com recommends buying the stock at the current price and accumulate more near 710-720 level with a stop loss of below 700 on closing basis for the upside of 770-800.
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