Signals, Powered By EquityPandit
INFY Weekly Outlook and Analysis:
For the Week: (Jan 31, 2022 – Feb 04, 2022)
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Infosys closed the Weekly on Negative Note Losing -5.57%
Infosys Share Price: 1686.20
Weekly High: 1768.65
Weekly Low: 1665.00
Weekly Range: 103.65 Points
Weekly Support & Resistance For INFY:
| RESISTANCE 2 | 1745 |
| RESISTANCE 1 | 1716 |
| SUPPORT 1 | 1667 |
| SUPPORT 2 | 1649 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1667 levels, Minor resistance on the upside is capped around 1716 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 @ 1649 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 @ 1745
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the Weekly as 1745 on upside and 1649 on downside.
