EquiyPandit’s Outlook for Infosys for the week (May 13, 2019 – May 17,2019):
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Stock closed the week on negative note losing -1.06%
Week High: 723.75
Week Low: 716.05
Week Range: 7.70 Points
Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 705– 700 levels, Minor resistance on the upside is capped around 730-735 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 @ 685– 680 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 @ 750– 755
Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the week as 750– 755 on upside and 685– 680 on downside.