Infosys Limited
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Infosys On Bullish trend. Reversal from lows strengthened

956
๐Ÿ“† INFY Recommendation on INFY for the week starting 4th September 2023

๐Ÿ“Š Current Status:

Closing Price: โ‚น1443.85 ๐Ÿ“ˆ
52-Week Range: High of โ‚น1672.60 ๐Ÿ”๏ธ
P/E Ratio: 24.27 ๐Ÿ“Š
Position: Mid-range of 52-week high and low ๐ŸŽฏ

๐Ÿ“ˆ Technical Analysis:

1๏ธโƒฃ Parabolic SAR: Recent buy signal ๐Ÿ‘
2๏ธโƒฃ Fibonacci Levels: Trending up past 0.618 ๐Ÿ“ˆ
3๏ธโƒฃ MACD: Positive divergence ๐Ÿ“ˆ
4๏ธโƒฃ Stochastics & RSI: Upwards but reaching the upper band (K at 100.00) ๐Ÿ“Š
5๏ธโƒฃ %R and Fisher: On the upside (Fisher at 3.38) ๐Ÿ“ˆ

๐ŸŽฏ Recommendations:

Entry Point: Anytime on 4th September 2023 around 11:00-11:30 AM, if sentiment is positive ๐Ÿ•š
Target 1: โ‚น1457.35 ๐ŸŽฏ
Target 2: โ‚น1498.15 if Target 1 is sustained ๐ŸŽฏ
Stop Loss: โ‚น1401.9 ๐Ÿšซ

๐Ÿ”Ž 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.

๐Ÿ“ฃ 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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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
Dagangan ditutup: sasaran tercapai
Exit position

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.