INFY - Infosys: Still A Buy But Watch These Key Levels For Support
2024-07-02 08:00:00 ET
Summary
- Lyn Alden discusses the fundamental snapshot for Infosys, highlighting valuation risks and concerns about AI disruption.
- Infosys is expected to see higher prices in the coming weeks to months, but with key support levels to watch.
- Our methodology suggests potential for Infosys to reach $23, but support at $16 must hold; see more in the article for how we arrive at these price levels.
By Levi at Elliott Wave Trader; Produced with Avi Gilburt
Infosys (INFY) is one that we have been following in our World Market Waves for some time now. The last two articles we have shared with the readership featured ‘Buy’ ratings, as does this current missive. And we do yet anticipate higher prices over the next weeks to months to come. But we will also discuss how our methodology can help protect profits once garnered or dictate when to shift our weight and even change our opinion....
Infosys: Still A Buy But Watch These Key Levels For Support