A consistent compounding return giving stock has retraced 50% from its high. Recent quarterly results along with the sector underperforming, have plummeted the stock to an attractive level.
For a good quality company like Infosys, one or two bad quarters do not matter much in the long run.
The price has taken good support at 50% retracement levels, along with DMI bullish crossover, one can start accumulating INFY at current levels of 1330-1360 with a Stop Loss below 1250 for targets of 1605/1855
Note - This is long term pick, one can expect investment horizon 1-3 years
For a good quality company like Infosys, one or two bad quarters do not matter much in the long run.
The price has taken good support at 50% retracement levels, along with DMI bullish crossover, one can start accumulating INFY at current levels of 1330-1360 with a Stop Loss below 1250 for targets of 1605/1855
Note - This is long term pick, one can expect investment horizon 1-3 years
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