Infosys stock price is currently in a strong support zone of Rs 1,332–1,361, with high volumes and a green candle above the 50-day moving average. Earlier, the stock had been in a freefall for the past two months.
The stock has delivered negative returns of -27.37% in the last 6 months and -4.86% in the last 12 months.
There is a high probability that the stock may see an upside move towards ₹1,711 as Target 1 and Rs 1,964 as Target 2 from the current level. The stop-loss for this trade will be at the Rs 1,263 level.
The stock is experiencing strong buying pressure and has crossed the 50-day moving average on the volume chart.
