INFY Weekly Outlook and Analysis:

For the Week: (April 12,2021 – April 16,2021)

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

Infosys closed the Weekly on positive note gaining +4.03%

Infosys Share Price: 1441.05 (NSE)

Weekly High: 1455.00

Weekly Low: 1387.00

Weekly Range: 68.00 Points

Weekly Support & Resistance For INFY:

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1460 levels, Minor resistance on the upside is capped around 1225 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 @ 1140 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 @ 1520.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the Weekly as 1520 on upside and 1100 on downside.

Nifty IT Index looks very bullish, can outperform Nifty50 Index Returns of the next 1-2 weeks. Infosys being frontline stock has seen upside breakout, After consolidation stock as come out of range and is ready for big moves on the upside any intraday correction towards S2 & S3 pivot levels should be used as buying opportunity with proper stop loss.