EquiyPandit’s Outlook for Infosys for the week (April 29,2019 – May 03,2019):
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Stock closed the week on positive note gaining+2.89%
Week High: 737.10
Week Low: 716.40
Week Range: 20.70Points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 715-717 levels, Minor resistance on the upside is capped around 743-745 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 @ 690- 695 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 @ 770-775
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the week as 770- 775 on upside and 690- 695 on downside.