Infosys has been consolidating in a certain range now and has formed a Triangle formation, which is on the verge of a completion. A breakout on either side is highly possible as soon as tomorrow. The yellow lines can be treated as targets, even though there are certain other levels to watch out but the rally should be strong enough. They can be treated as Target 1.
With the Other IT stocks, giving a breakaway move and a pretty strong one is it time for Infosys to do the same ?
With the Other IT stocks, giving a breakaway move and a pretty strong one is it time for Infosys to do the same ?
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