In today's market analysis, Infosys, DLF, and Cholamandalam Investment and Finance Company emerge as key stocks to watch. Analysts provide strategic recommendations based on technical chart patterns and momentum indicators.
Infosys: A Strong Buy
Infosys is recommended as a top buy by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan. The stock is currently trading in the range of Rs 1203 to Rs 1204, with a target price of Rs 1270 and a stop loss at Rs 1150. The weekly chart indicates a base formation in the demand zone, while the daily chart shows higher tops and bottoms, suggesting a bullish trend.
"Infosys is forming an inverted head-and-shoulders pattern, indicating potential upward momentum," says Somil Mehta.
DLF: Sell Recommendation
For DLF, analysts suggest a sell strategy within the range of Rs 578 to Rs 579, targeting Rs 550, with a stop loss at Rs 602. The stock faces resistance at Rs 600 and support at Rs 565. The weekly timeframe shows rejection from the 200-week exponential moving average, and the daily chart indicates a consolidation breakdown.
Cholamandalam Investment and Finance Company: Strategic Sell
Cholamandalam Investment and Finance Company is also on the sell list, with a trading range of Rs 1494 to Rs 1495, a target of Rs 1420, and a stop loss at Rs 1552. The stock shows multiple rejections from the 20- and 40-week EMAs, with lower tops and bottoms on the daily chart.
| Stock | Recommendation | Target Price | Stop Loss | Resistance | Support |
|---|---|---|---|---|---|
| Infosys | Buy | Rs 1270 | Rs 1150 | Rs 1238 | Rs 1165 |
| DLF | Sell | Rs 550 | Rs 602 | Rs 600 | Rs 565 |
| Cholamandalam | Sell | Rs 1420 | Rs 1552 | Rs 1530 | Rs 1470 |
These recommendations are based on technical analysis and market trends, providing investors with strategic insights for June 2, 2026.
