April 15, 2011

INFOSYS Technical analysis

  • Infosys weekly chart shows First support for todays correction around 3000 level approximately.
  • Major support level on weekly closing basis is between 2940 - 2960 level. Closing below this level will push infy below 2900.
  • Price in 30 Minutes chart is filling a GAP in the chart. If a bounce is to happen today we will see it after the gap gets faded.

2 comments:

  1. @MANU
    They say one has to buy when it is at the toughest for making good money. But i am not brave enough to catch a falling knife. Better to avoid till we see a consolidation.

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