INFY Weekly Outlook and Analysis:
For the Week: (May 10, 2021 – May 14, 2021)
BSE: 500209| NSE: INFY| ISIN: INE009A01021| SECTOR: I.T.
Infosys closed the Weekly on a negative note losing –0.13%
Infosys Share Price: 1352.55 (NSE)
Weekly High: 1373.05
Weekly Low: 1352.55
Weekly Range: 20.50 Points
Weekly Support & Resistance For INFY:
Technically on the daily charts, EquityPandit’s Analyst sees: Minor support on the downside lies at 1225 levels, Minor resistance on the upside is capped around 1460 levels.
If stock breaches minor support on the downside and closes below it we may see a fresh break down and stock can drag towards Ma-jor Support on the lower side @ 1140 and If stock breaches minor resistance on the upside and closes above it we may see a fresh breakout and stock can head towards Major Resistances Level @ 1520.
Stock is trading above 200 days exponential moving average, which suggests the long term trend is bullish. EquityPandit predicts the Range for the Weekly as 1520 on the upside and 1100 on the downside.
On the daily chart of Infosys, stock break resistance and came down from the new high. The stock has a positive trend on the chart in the next few days stock gives new very high levels.