INFY Weekly Outlook and Analysis:

For the Week: (Feb 01,2021 – Feb 05,2021)

BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.

Infosys closed the Weekly on negative note losing -7.59%

Infosys Share Price: 1239.05 (NSE)

Weekly High: 1347.90

Weekly Low: 1231.00

Weekly Range: 116.90 Points

Weekly Support & Resistance For INFY:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1140 levels, Minor resistance on the upside is capped around 1403 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 @ 1050 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 @ 1460.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the Weekly as 1450 on upside and 1000 on downside.

On the daily chart of Infosys, stock break resistance and achieve a new high. Stock has positive trend on chart in next few days stock gives new very high levels.