Infosys, one of India's largest IT companies, is currently in a downtrend. The stock has been trading below its 200-day moving average for the past few months, and it has recently broken down from support at Rs 1360.
If the stock trades below Rs 1230, the next probable target is Rs 1000. This is a significant level, as it is the 52-week low for the stock. If the stock breaks below Rs 1000, it could enter a bear market.
However, it is important to note that the stock is still trading in a range between Rs 1330 and Rs 1230. This means that there is still some support for the stock, and it is possible that it could rebound in the near term.
Overall, the outlook for Infosys is bearish. The stock is in a downtrend, and it has broken down from support at Rs 1360. If the stock trades below Rs 1230, the next probable target is Rs 1000.
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