Signals, Powered By EquityPandit
INFY Weekly Outlook and Analysis:
For the Week: (Sept 21,2020 – Sept 25,2020)
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Infosys closed the Weekly on positive note gaining +5.97%
Infosys Share Price: 1002.15 (NSE)
Weekly High: 1021.00
Weekly Low: 948.30
Weekly Range: 72.70 Points
Weekly Support & Resistance For INFY:
| RESISTANCE 2 | 1050 |
| RESISTANCE 1 | 1020 |
| SUPPORT 1 | 937 |
| SUPPORT 2 | 910 |
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 937 levels, Minor resistance on the upside is capped around 1020 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 @ 910 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 @ 1050.
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the Weekly as 1100 on upside and 850 on downside.
INFY one of the outperformer in the IT space has crossed its 52 Week highs in the last week and holding up the strength, Rally in the IT stock likely to be continued so we suggest buying on correction till stock hold levels of 950.
