In our post dated March 21, 2014 titled, INFY PULLBACK , the TTO indicated a trend transition in INFY. The short term trend momentum had already started moving up, above the long term momentum, thereby indicating that the scrip has bottomed out for the short term and is poised to move up, pending a buy signal. This was a good eight days in advance !!
Subsequently, a buy was generated at 3230-40 levels and the price has started moving up. One can continue to ride the uptrend till any signs of weakness. The resistance areas could be 3410 and if surpassed, 3650.
