Stop Loss: Rs 1,522
Target: Rs 1,688
INFY continues to form a higher-high structure and has recently broken out above its recent swing high on the daily chart, accompanied by volume well above the 20-day average signalling strong bullish interest. The stock closed with a powerful bullish candlestick, reflecting robust accumulation. It remains firmly positioned above the 20, 50, 100, and 200-day EMAs, underscoring the strength and sustainability of the prevailing uptrend. With the RSI at 62.69 and rising, bullish momentum remains solid, indicating the potential for further upside in the near term.
(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)
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