April 13, 2013

INFOSYS Weekend update

  • INFOSYS Daily chart has faded the previous result gap near 2300 levels.
  • Monthly chart shows price in a range. Price is falling towards the support area of the range.
  • Daily chart is showing a possible Island reversal pattern. Weekly MACD shows a sell signal which may lead to a range breakdown. One must be cautious on going against the current trend. 

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