EquiyPandit’s Outlook for Infosys for the week (Mar 11, 2019 – Mar 15, 2019) :
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Stock closed the week on negative note losing -2.92%
Week High: 741.15
Week Low: 712.55
Week Range: 28.60 Points
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for INFY at 690-700 levels, where as minor resistance on the upside is capped around 730- 740 levels.
If INFY breaches minor support on the downside and closes below it we may see fresh breakdown and stock may drag towards next major support levels lower side around 675- 670 if INFY breaches minor resistance levels on the upside and closes above it we may see fresh breakout and stock can head towards major resistance levels placed around 750-755
Currently trend for the Stock is bullish as stock trading above 200 days exponential moving averages. EquityPandit predicts INFY range for the week is seen from 750- 755 on upside & 675- 670 on downside.