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Infosys shares down 10% in 2023 so far. Can this IT stock stage recovery?

Infosys share price: The stock was last seen trading 0.69 per cent lower at Rs 1,367.80 today. At this price, the scrip was up 12.54 per cent from its one-year low of Rs 1,215.45, a level seen on April 25 this year.
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Can Infosys shares slip below Rs 1,200? What technical analysts said as it hit fresh one-year low

Infosys share price: The counter's 14-day relative strength index (RSI) came at 23.34. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-equity (P/E) ratio of 21.86. It has a price-to-book (P/B) value of 7.51.
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