Sell Infosys Ltd., target Rs 1120: CapitalVia Global Research
Sell Infosys Ltd. at a price target of Rs 1120.0 and a stop loss at Rs 1195
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| Updated: CapitalVia Global Research has sell call on Infosys Ltd. with a target price of Rs 1120, The current market price of Infosys Ltd. is 1171. Time period given by analyst is week, when Infosys Ltd. price can reach defined target. Overall, the stock is in a strong downtrend as witnessed on its daily charts and is now trading below its both short and medium term moving averages of 10 and 50 periods indicating a strong negative trend.
It is trading at an important support is placed at Rs 1,160. "We may expect it to gain downside momentum with the crossing below the mentioned support mark, where the stock may test the level of Rs 1,120. Traders can initiate a sell keeping a stop loss of Rs 1,195," said the brokerage note
It is trading at an important support is placed at Rs 1,160. "We may expect it to gain downside momentum with the crossing below the mentioned support mark, where the stock may test the level of Rs 1,120. Traders can initiate a sell keeping a stop loss of Rs 1,195," said the brokerage note
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