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INFY Weekly Outlook and Analysis:
For the Week: (April 03, 2023 – April 07, 2023)
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Infosys closed the Weekly on positive Note gaining 3.43%
Infosys Share Price: 1427.95
Weekly High: 1429.95
Weekly Low: 1364.95
Weekly Range: 47.30 Points
Weekly Support & Resistance For INFY:
| RESISTANCE 2 | 1471 |
| RESISTANCE 1 | 1449 |
| SUPPORT 1 | 1384 |
| SUPPORT 2 | 1341 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1384 levels, Minor resistance on the upside is capped around 1449 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 @ 1341 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 @ 1471
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts Range for the Weekly as 1471 on upside and 1341 on downside.
