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INFY Weekly Outlook and Analysis:
For the Week: (Mar 27, 2023 – March 31, 2023)
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Infosys closed the Weekly on negative Note loosing 2.82%
Infosys Share Price: 1380.65
Weekly High: 1419.70
Weekly Low: 1370.00
Weekly Range: 40.05 Points
Weekly Support & Resistance For INFY:
| RESISTANCE 2 | 1438 |
| RESISTANCE 1 | 1409 |
| SUPPORT 1 | 1360 |
| SUPPORT 2 | 1340 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1360 levels, Minor resistance on the upside is capped around 1409 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 @ 1340 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 @ 1438
Stock is trading below 200 days exponential moving average, suggests long term trend is bearish. EquityPandit predicts Range for the Weekly as 1438 on upside and 1340 on downside.
