Infosys (NSE: INFY) was under selling pressure until now from its all time high is seen bottomed out.
The scrip has seen some traction in price and volume on 10th April 2024 and was trading around Rs.1500.
The traction is provided by MACD bullish cross over in the counter with ADX above 25 and RSI bullish divergence.
HOW TO TRADE: Buy trade can be initiated at current price with stop loss below Rs.1474 for a positional target of Rs. 1580-1600
Exit the trade whenever target is achieved or trail stoploss for every Rs. 20 rise.
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