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Shares of software services exporter Infosys today rose as much as 1.86 per cent to a record high of Rs 1,467.9.
The stock broke above a resistance at Rs 1,436.6, the 76.4 per cent Fibonacci projection level of the uptrend from October 5, 2012 low to June 3, 2016 high. The breakout suggests that the stock may now move up to the next resistance at Rs 1,512.95, the 86.4 per cent projection level.
Trend Intensity indicator has gone up to 25, suggesting that the prices are trending upwards. MACD is positive and above its signal line. Infosys stock had gone up 58.75 per cent in the last one year as of Friday's close, outperforming the 17.77 per cent gains for the broader NSE Index.
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