Infosys mauled by bears Will Bulls comes for rescue?
Infosys Hourly Chart
Infosys corrected by almost 10% on Friday after announcing its results and to add to it the Resignation of Mr Pai from Infy.Both took toll on Stock Prices and Infy crashed.
Looking at hourly charts Falls look overdone and bounce back should come in next week.
Low of 2970 holds the Key if it is not broken on Monday Infosys can again move to higher levels.
Infosys Daily Chart
On Daily chart we see multiple supports@2940 range which should provide support if 2970 gets broken.
Retracement
Looking at Retracement of Fridays fall
Infy Buy above @3039 Tgt 3077 and 3108
Infosys corrected by almost 10% on Friday after announcing its results and to add to it the Resignation of Mr Pai from Infy.Both took toll on Stock Prices and Infy crashed.
Looking at hourly charts Falls look overdone and bounce back should come in next week.
Low of 2970 holds the Key if it is not broken on Monday Infosys can again move to higher levels.
Infosys Daily Chart
On Daily chart we see multiple supports@2940 range which should provide support if 2970 gets broken.
Retracement
Infy Buy above @3039 Tgt 3077 and 3108
posted by Bramesh at
11:13 PM
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