October 12, 2012

INFOSYS Chart analysis


  • Infosys weekly chart is near the falling trend line. Price yet to hit the resistance line.
  • Price is staying below the weekly cloud. So breakdown below 2460 will favor bears to extend the fall .
  • Bulls need to close above the weekly cloud for a possible breakout above the falling resistance line.
  • TATA STEEL ABOVE RESISTANCE LEVELS
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