Signals, Powered By EquityPandit
EquiyPandit’s Outlook for Infosys for the week (Aug 12, 2019 – Aug 16, 2019):
INFOSYS:
Infosys Ltd.
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Stock closed the week on positive note gaining +1.84%
Week High: 796.75
Week Low: 768.65
Week Range: 28.10 Points
| RESISTANCE 2 | 813.20 |
| RESISTANCE 1 | 801.55 |
| SUPPORT 1 | 773.40 |
| SUPPORT 2 | 756.95 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 782 levels, Minor resistance on the upside is capped around 800 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 776 and If stock breaches minor resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 805.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the week as 806 on upside and 775 on downside.
