Infosys Outlook for the Week (Aug 03,2020 – Aug 07,2020)

For the Week: (Aug 03,2020– Aug 07,2020).

ISIN: INE009A01021

ASSISTANCE 1.
890.

Stock closed the week on positive note gaining +4.68%Acquiring

Week High: 986.45.

Stock is trading below 200 days exponential moving average, recommends long term pattern is bearish. EquityPandit anticipates Range for the week as 1020 on upside and 840 on disadvantage.

Infosys Share Price: 966.00 (NSE).

On the everyday chart of Infosys, stock on brand-new high and making a Doji pattern on top and dealing with struggle on resistance level, RSI also reveals some weak point. If stock get some great volume and break the resistance stock can reach 1020 level or above.

SECTOR: I.T.

INFY Weekly Support & & Resistance Levels:.

Week Range: Points 67.80? Technically on the everyday charts EquityPandits Analyst see: Minor support on the downside lies at 890 levels, Minor resistance on the advantage is capped around 990 levels.

Week Low: 918.65.

ASSISTANCE 2.
849.

If stock breaches small assistance on the downside and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 849 and If stock breaches small resistance on the upside and closes above it we may see fresh breakout and stock can head towards Major Resistances Level @ 1017.

RESISTANCE 2.
1017.

RESISTANCE 1.
990.