INFY, have completed all Bearish Targets, which were shared earlier in MARCH/APRIL
Now the low at 1367 could act as a strong support going forward for medium term
In short,term a print above 1502, would trigger a pattern breakout, which would signal Targets of 1560 and 1610 on cash positionally
I do expect I.T. stock to lead the counter rally on NIFTY
For now let’s not get into the debate on bottom on NIFTY I.T.
Let’s give some more time to the setup
Till then let’s conservatively participate in I.T. rally
With appropriate risk management
INFY view
Published
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