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INFY Weekly Outlook and Analysis:
For the Week: (April 11, 2022 – April 15, 2022)
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Infosys closed the Weekly on Negative Note losing –4.67%
Infosys Share Price: 1814.60
Weekly High: 1893.00
Weekly Low: 1807.55
Weekly Range: 85.45 Points
Weekly Support & Resistance For INFY:
| RESISTANCE 2 | 1850 |
| RESISTANCE 1 | 1832 |
| SUPPORT 1 | 1802 |
| SUPPORT 2 | 1790 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1802 levels, Minor resistance on the upside is capped around 1832 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 @ 1790 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 @ 1850
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the Weekly as 1850 on upside and 1790 on downside.
