India Info line Ltd (CMP Rs 84.95):
We recommend going long in this counter at current levels.
Technical Outlook:-
The share price of India Info line appears to have broken above its rising trend line.
We believe that this breakout suggest strength and indicate possible price advance to levels of Rs 89 /Rs 92 in the near future.
The stock is also trading above all of its key moving averages which are also a sign of strength in the counter.
The MACD indicator is also in rising mode.
Suggested Trading Strategy:-
We recommend buying the stock at current with stop loss placed below Rs 82.50 levels for the above mentioned targets.
