Infosys is looking superb in charts for a going long

  

Infosys is looking superb in charts.A channel breakout is clearly visible in charts.

RSI of  69.20 and also indicate a positive buildup and we may see a positive upside trend building as volume remains on buyers side.

MACD of  positive 6.15 indicate a short term positive trend as investors shifts focus from TCS heavyweight to infosys.

Immediate Supports at 770--750.

One can remain long unless immediate support of 770 is not negatively breached for any short position and 750 for their long term position.

Infosys may form new life time high as investor seems to be putting weight from heavyweight TCS to infosys and may continue to do so for some upcoming quarters.

Positional Long term support of 720 should act as a pivot for negative trend if the mentioned level is negatively breached on the downside and we may see more panic till lower levels as this level is close to 200 DMA approx  (713 to be exact)

Channel zone of 770--740 should act as an accumulation range for investors with long term horizon on SIPs on mind.

MORE WILL UPDATE SOON!!