Sunday, December 21, 2014

Long term Outlook of Infosys - 21 December 2014

Infosys saw major corrections in 2000-2003 and 2007-2008. The correction after 2009-2010 rally was a less deeper one. The entire movement after 2000 high seems to be a running triangle.


Running triangle are bullish pattern and also they presage a big bull market. The running triangle seems to have terminated at 2013 and presently, the scrip is in new bull market since 2013.


The rally in this scrip is likely to pick up momentum in coming months and the rally is likely to continue for another 2 to 3 years.  In coming months, the scrip is likely to rally towards 3000 initially.

No comments:

Post a Comment

Post your comments