INFOSYS Multibagger stock moved by more than 130%!!

We published about Infosys Ltd in our Jal Multibagger stock report and predicted the possibility of multi-bagger returns in the coming 1-2 years. Check out the below research we published on 28^th July 2020.

This stock has managed to hold its gain and gave more than 130% returns in less than 5 years and made a lifetime high of 2006.45 levels.

INFOSYS Weekly Chart (Log Scale): Anticipated as on 28^th July 2020
INFOSYS Weekly Chart (Arithmetic Scale): Anticipated as on 28th July 2020
Wave Analysis as on 28^th July 2020

Multi-bagger stock recommendation: Infosys Ltd

Buy Price – Buy at CMP 960 and more on dips to 870

Time Horizon –1-2 years

Investment – 5% of capital

Target price - 1750 levels

Stop loss – 600 levels

Wave Analysis as on 28^th July 2020-

Nifty IT has shown a huge outperformance over past one month. Wherein, IT and Auto as outperformer and it is after many years of consolidation Infosys in this sector has started showing outperformance. This stock can have long way to go from here on.

Elliott wave perspective: It has shown an impulsive rise. As per wave perspective corrective wave (2) which was forming a Diametric pattern has been terminated near 450 levels and near channel support. Currently we are moving in strongest and longest wave (3). So we are moving in very powerful and impulse wave (3) which could take prices towards 1750 or higher levels which is the upper trendline of the channel.

We are showing both the arithmetic and logarithmic charts. During such big moves the entire perception and interpretation changes and so it is best to look at the charts on both the scales with projection on the log scale. The rise seen on arithmetic is clearly showing power of 3rd wave and it will have long way to go if the entire wave (2) was indeed a running correction.

In a nutshell, it is ideal time to start accumulating IT stocks. As mentioned earlier the target for this stock comes to around 1750 on the upside. The rise has been impulsive in nature. The trend for Infosys is positive as long as 600 levels remains intact on downside. Buying can be done in staggered fashion towards 870 levels in this stock!

INFOSYS weekly Chart (Log Scale): Happened as on 13^th February 2025.
Happened as on 13^th February 2025: Infosys was in sync with our expectations and has delivered exceptional returns. Infosys managed to surpass our given target and has delivered an impressive gain of 130% in less than 5 years. Stock has achieved its lifetime high of 2006.45 levels in December 2024.Currently, Infosys is trading near its highs despite major indices falling which highlights the strength of the stock. 

Want to know more about such stocks like Infosys Ltd! Subscribe to our Jal Multibagger stock report. Get a list of stocks with high growth potential: Check Here

Brahmastra (Mentorship) – Learn the science of trading with complete handholding and live trading sessions, along with stock selection algos and options trading combined with Neo wave strategy, Know more here

Trishul Membership – Options Trading with Elliott Wave, Neo wave, Ichimoku cloud, and sacred science of trading & forecasting is covered in the Trishul membership program scheduled on 22^nd – 23^rd February. Fill out the form below for more details