EquiyPandit’s Outlook for Infosys for the week (Mar 25, 2019 – Mar 29, 2019) :
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Stock closed the week on positive note gaining +4.77%
Week High: 742.15
Week Low: 708.35
Week Range: 33.80 Points
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for INFY at 720- 725 levels, whereas minor resistance on the upside is capped around 760- 765 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 700- 705 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 770-775
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 770- 775 on upside & 700-705 on downside.