The following weekly chart shows INFY may be forming a possible inverse H&S pattern on the weekly chart and if manages to cross Rs. 4,000 with substantial volumes, may be heading to a target of Rs. 4,950 over the medium term time horizon of 6-8 months.
The TTO is indicating a short term weakness which may result in the stock consolidating at Rs. 3,700 to Rs. 3,600 levels before a fresh upmove begins.
The target indicated is pre bonus and needs to be adjusted for post bonus price.
