EquiyPandit’s Outlook for Infosys for the week (April 15, 2019 – April 19, 2019):
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Stock closed the week on negative note losing -1.11%
Week High: 767.15
Week Low: 743.15
Week Range: 24 Points
Technically on the daily charts EquitPandit’s analyst see minor support on the downside for INFY at 745- 740 levels, whereas minor resistance on the upside is capped around 765- 770 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 720- 725 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 790- 800
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 790- 800 on upside & 720- 725 on downside.