EquiyPandit’s Outlook for Infosys for the week (July 20,2020 – July 24, 2020):

INFOSYS:

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

Stock closed the week on positive note gaining +15.51%

Week High: 955.50

Week Low: 781.35

Week Range: 174.15 Points

Infosys Ltd.

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 847 levels, Minor resistance on the upside is capped around 954 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 @ 822 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 @ 984.

Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts Range for the week as 990 on upside and 820 on downside.

WEEKLY PIVOT LEVELS: