Thursday, August 15, 2013

Infosys -- Changing Guard after 2 years of trouble

Stock was consolidating between 2200 to 3000 for a very very good amount of time. 

Now its time for making a comeback as it was the biggest laggard among IT heavy weights (TCS, HCL Tech and Wipro.)

Investors look to accumulate stock between  3000-3060 and add on dips for target 3500 and then 3800.

Technically stock is telling us that worst is over for infosys. Fundamentally this will be out after some time.

Infosys

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