EquiyPandit’s Outlook for Infosys for the week  (Jan 14, 2019 – Jan 18, 2019) : 

INFOSYS:

INFY closed the week on positive note gaining around 3.30%.

As we have mentioned last week, that resistance for the stock lies around 670 to 680 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 690 to 700 where Fibonacci levels are lying. During the week the stock manages to hit a high of 690 and close the week around the levels of 683.

Support for the stock lies in the zone of 670 to 680 where Fibonacci levels and short & medium term moving averages are lying. If the stock manages to close below these levels the stock can drift to the levels of 640 to 650 where Fibonacci levels and long term moving averages are lying.

Resistance for the stock lies around 690 to 700 where Fibonacci levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 710 to 720 where high for the month of December-2018 and Fibonacci levels are lying.

Broad range for the stock in the coming week is seen between 640 to 650 on downside & 720 to 730 on upside.