Infosys may rally further on strong Q1 performance

Infosys may rally further on strong Q1 performance

By CK NarayanInfosys stock price has already been on a run in anticipation of good Q1 numbers. But the company has delivered even better than Street expectations and this will likely push the prices higher.

We can look for a target of around Rs 880 levels as the nearest target zone. Since weekly charts are also quite in the clear, medium-term traders can also look for a possible target of around Rs 960.

A stop-loss around Rs 800 can be maintained on fresh longs.

Infosys snip 1ET CONTRIBUTORS

(The author is a technical analyst & contributor with ET NOW)Source: ET Markets

Leave A Comment

Your email address will not be published. Required fields are marked *