22 October, Tuesday has seen #Infy down by 13% from open. Probably this is the first time that Infosys has made a weekly close beyond 10
% in the last 5 years.
Does this hint any buying opportunity now?
Our Take on the Subject
Well, we feel that any agency taking cognizance of an anonymous complaint may not be in order and American security agency and Indian agency SEBI should draft guidelines that no anonymous complaints will be accepted and any such information be given to media only once it has been substantiated.
The fall does present an opportunity to get a good quality stock at discount. Keep an eye and if Infosys does not break 600 level, one can enter in the stock and hold for long term. This is a stock worth investing for the long term but only once its support price is analyzed as stated above and our holding share tips clients are definitely going to benefit from this stock by entering at the correct time.
