October 12, 2011

INFOSYS Near resistance line

  • Infosys has given good up move following its good results.
  • Price is now moving towards its resistance line in daily chart.
  • For continuing this up move price has to break and sustain above the resistance line.
  • Rising 20 day SMA should act as support in case of a correction. For now a safe short will be possible   when the stock closes below 20 SMA


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