Infosys-time to start investing and go Long for target of 712
Infosys has formed a double bottom pattern. Infosys has seen buying in the last few sessions and delivery based volumes are increasing. RSI and MACD breakout appears on the chart and its right time to grab the stock and buy it for going long. It can go upto 712. Considering buying stock like Infy. Time duration 7-8 sessions.
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Infy went into consolidation zone. Did not perform as expected.