INFY Weekly Outlook and Analysis:

For the Week: (Aug 03,2020 – Aug 07,2020)

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

Stock closed the week on positive note gaining +4.68%

Infosys Share Price: 966.00 (NSE)

Week High: 986.45

Week Low: 918.65

Week Range: Points 67.80
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Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 890 levels, Minor resistance on the upside is capped around 990 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 @ 849 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 @ 1017.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts Range for the week as 1020 on upside and 840 on downside.

On the daily chart of Infosys , stock on new high and making a Doji pattern on top and facing struggle on resistance level, RSI also shows some weakness. If stock gain some good volume and break the resistance stock can reach 1020 level or above.

INFY Weekly Support & Resistance Levels: