Signals, Powered By EquityPandit
INFY Weekly Outlook and Analysis:
For the Week: (Sept 07,2020 – Sept 11,2020)
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Infosys closed the Weekly on negative note losing -1.72%
Infosys Share Price: 919.15 (NSE)
Weekly High: 950.50
Weekly Low: 912.10
Weekly Range: 38.40 Points
Weekly Support & Resistance For INFY:
| RESISTANCE 2 | 1017 |
| RESISTANCE 1 | 990 |
| SUPPORT 1 | 890 |
| SUPPORT 2 | 849 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 890 levels, Minor resistance on the upside is capped around 990 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 @ 849 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 @ 1017.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the Weekly as 1020 on upside and 840 on downside.
Stock is in the accumulation or distribution zone and breakdown is likely to fill the gap on the daily charts, Once the Gap is filled on the daily charts stock can resume its uptrend and can be ride on the upside.
