2024-04-02 18:08:06 ET
Summary
- Infosys Limited stock is currently in a pullback phase, but it is expected to make a strong move higher in the future.
- The stock has corrected downward in price, making it more reasonable in terms of valuation.
- Our analysis suggests that a strong uptrend is likely in place for Infosys stock.
By Levi at Elliott Wave Trader; Produced with Avi Gilburt.
Back in November of last year, we highlighted a bullish setup for Infosys Limited (INFY) to the readership. Using the NYSE-listed symbol INFY, the price was at $17.51 at the time of publication. The stock advanced up to $20.74 before beginning the current pullback. It is this pullback that can be a springboard for a move much higher in the months to come....
Read the full article on Seeking Alpha
For further details see:
Infosys: This Pullback Can Set Up For A Move Much Higher (Technical Analysis)