Let me caution you, I do not follow this stock.So please excuse any mistakes!
Let us see its long term primary trend first.....
As can be seen, Infy has completed its primary impulse wave in January 2011.In the monthly chart above, we can see an ending diagonal formation.With primary corrective wave A appearing to be completed, we may expect corrective primary wave B to move up. But once the multi month corrective up move is over, we may expect the downside C to begin and take prices lower.
Now let us look at the monthly MACD chart...
While monthly prices trended lower, we see the MACD trending upwards and causing a positive divergence.Just see what happened during the previous positive divergence in 2008-09.Infy went on a positive rise for months together.
Let us look at the daily charts...
What does Financial Astrology say?
On January 11th, Infy will be undergoing Jupiter Dasa-Mercury Bhukti-Saturn Antara-Saturn Sookshma.
All these Astro indications point to improvement in stock prices for Infy.
Conclusion: Infy should move up. But please be careful. My understandings or knowledge could be faulty. Whatever positions you want to take, please do not do it out of anticipation. Let us wait for the price to tell us what it is going to do.