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INFOSYS

Infosys Outlook for the Week (June 21,2021 – June 25,2021)

INFY Weekly Outlook and Analysis:

For the Week: (June 21,2021 – June 25,2021)

BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.

Infosys closed the Weekly on positive note gaining +3.90%

Infosys Share Price: 1503.30 (NSE)

Weekly High: 1515.80

Weekly Low: 1453.45

Weekly Range: 60.75 Points

Weekly Support & Resistance For INFY:

RESISTANCE 21600
RESISTANCE 11560
SUPPORT 11305
SUPPORT 21230

Technically on the daily charts EquityPandit’s Analyst see: Minor support on the downside lies at 1305 levels, Minor resistance on the upside is capped around 1560 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 @ 1230 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 @ 1600.

Stock is trading above 200 days exponential moving average, suggests long term trend is bullish. EquityPandit predicts Range for the Weekly as 1620 on upside and 1200 on downside.

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