Infosys Ltd on a daily chart stock price at Rs. 930
has given the breakout of parallel channel at Rs. 928 level and closed above
the same, indicate rally will continue towards 1060 level. Likewise, stock
price is making higher high and higher low pattern with increase in volumes. We
also witnessed stock was trading below 9 SMA from last 22 trading session but
yesterday stock price has closed above the 9 SMA, which further add positivity
into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.930 for the target of Rs.995 levels, with Rs.900 stop
loss on closing basis.
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