Infosys had topped in 2007 before the Index topped in 2008. Since it has a tendency to top out before Index for the past two tops in 2006 and 2008, it is likely to top out before Index in this current rally also.
Going by the price pattern, it seems it is trading in larger expanding triangle since 2005. Going by the time analysis, it is likely to top out around 3000 levels another 2 to 4 trading sessions from now and it is likely to decline towards its 2008 low in coming years.
Long term investments can be avoided at current levels and those who have already invested in this scrip would be in profit and they could book profit in another 2 to 4 months.
