INFOSYS TECH (CASH – Rs.3165.25) : The stock after trading between Rs.3165 and Rs.3020 for the past 15 trading sessions has crossed the upper end of the range and has almost closed at it. The 14 day RSI during this period took constant support at the 40 level which clearly indicates that the stock is shifting into strong hands. Buying is advised above Rs.3178 for a target of Rs.3205 and Rs.3224. Higher target of Rs.3248-3256 is also possible. Stop Loss of Rs.3144 should be kept. For the last target to be reached, the time frame of the trade would be around 6-7 trading sessions.
EDUCOMP CASH (CASH- Rs.511.35) : The stock has been moving up in a slow and steady manner and in the hourly time frame it has already formed a series of higher tops and bottoms. Buying is advised above Rs.515 for a target of Rs.528 and Rs.539. Higher target of Rs.548-5552 is also possible. Stop Loss of Rs.499 should be kept. The time frame of the trade would be around 4-5 trading sessions.
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