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Breakout seen on Infosys, GNFC daily charts, Vinay Rajani recommends buying

The technical analyst from HDFC Securities also recommends to remain long on the Nifty and BankNifty with a stop at 17,325 and 36,525, respectively.

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Vinay Rajani Mumbai
On 21st September 2021, Nifty and BankNifty recovered sharply from the day’s low and closed on a strong note. Nifty took support on its 13-day EMA and reversed north. BankNifty has formed “Long legged Doji” candlestick pattern on the daily chart, which is having bullish implications. Traders are advised to remain long in Nifty and BankNifty with the stop-loss of 17,325 and 36,525 resepctively. 

Buy Infosys Rs 1717  |  Target Rs 1,790  |  Stop-loss Rs 1,670

Stock has broken out from the symmetrical triangle pattern on the daily charts. Primary trend of the stock has been bullish with higher tops and higher