Technical Outlook & Trading Strategy:-
The share price of India Infoline has taken strong support & seems to be making a Double bottom at Rs 67- Rs 68 levels .
It has shown a reversal bar at this level, suggesting that the bottom is in place. We expect the stock price to continue its upward movement and believe that it could test levels of Rs 75 / Rs 77 shortly. We recommend a buy above 72.70 with stop loss placed below Rs 70.40 levels.
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