Infotec Ent (CMP: 275.05) - is displaying
a positive outlook on the daily chart. The stock has given trend line break out
with strong positive candle on the hourly chart which signs bulls are in
active. On the daily chart the stock has tested rising trend line support level
as well as 20 Day EMA and then bounced from there which indicates trend remains
up. Now the stock is heading towards 285 - 295 levels which is cluster
resistance level. The strong support level placed at 263. On the daily chart as
well as hourly chart RSI has given positive crossover which signs strength.
Recommendation: Traders can buy
at CMP or buy on dips to 273 - 269 levels with a stop loss of 263 (Closing
basis) for target of 285 - 295 levels.
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