EquiyPandit’s Outlook for Infosys for the week  (Aug 27, 2018 – Aug 31, 2018) : 

INFOSYS:

INFY closed the week on negative note losing around 3.60%.

As we have mentioned last week, that minor support for the stock lies around 1380 to 1400. Support for the stock lies in the zone of 1330 to 1340 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 1270 to 1280 where Fibonacci levels are lying. During the week the stock manages to hit a low of 1373 and close the week around the levels of 1378

Minor support for the stock lies around 1360 to 1370. Support for the stock lies in the zone of 1330 to 1340 where the stock has taken multiple support and short term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 1270 to 1280 where Fibonacci levels are lying.

Minor resistance for the stock lies around 1400 to 1420. Resistance for the stock lies around 1430 to 1450 where the stock has formed a short term top. If the stock manages to close above these levels then the stock can move to the levels of 1480 to 1500.

Broad range for the stock in the coming week is seen between 1330 to 1350 on downside & 1420 to 1440 on upside.