Signals, Powered By EquityPandit
INFY Weekly Outlook and Analysis:
For the Week: (May 3,2021 – May 7,2021)
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Infosys closed the Weekly on positive note gaining +1.54%
Infosys Share Price: 1354.35 (NSE)
Weekly High: 1373.90
Weekly Low: 1321.00
Weekly Range: 52.90 Points
Weekly Support & Resistance For INFY:
| RESISTANCE 2 | 1520 |
| RESISTANCE 1 | 1460 |
| SUPPORT 1 | 1225 |
| SUPPORT 2 | 1140 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1225 levels, Minor resistance on the upside is capped around 1460 levels.
If stock breaches minor support on the downside and closes below it we may see fresh break down and stock can drag towards Ma-jor Support on lower side @ 1140 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 @ 1520.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the Weekly as 1520 on upside and 1100 on downside.
On the daily chart of Infosys, stock break resistance and came down from new high. Stock has positive trend on chart in next few days stock gives new very high levels.
