In this post “Infosys – Stock Study” we will be studying and tracking the progress of Infosys India stock listed at NSE, i.e. National Stock Exchange, Mumbai.
29 Oct 23. Infosys is an old company and has been progressing at a constant pace. Its progress is evident from the long term chart, i.e. Monthly chart. A screen shot of the same is pasted below.
As evident the chart is spanning from way before 1999 and tracking till date. As is evident, on a logarithmic scaled chart, Infosys has been gradually going up over a long term. But the journey has been a roller coaster ride. Thats why the price has many a times touched bottom and top of the channel.
The weekly chart of the latest period is shown below.
As seen from the chart the price touched the top of the channel in Jan 2022 and has since then been kind of consolidating / correcting. However, still it has not touched the bottom of the channel. That if happens, will be a remarkable turning point and lot of guys must be waiting for that.
10 Dec 23 Update. As discussed above, Infosys is still inside the long term monthly channel and progressing gradually. So, guys interested into this stock will still be waiting for the turning point of the price to come.
As evident from above progress, long term investing is a very boring process and we have to wait for a long period of time before the investment opportunity strikes.
Please wait for the next update from our side on Infosys Stock Study, and keep on checking back this space periodically. Till then we are open to discussions and comments.
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