May 20, 2014
- Look at the confluence of resistance on the election result day, Price got resisted exactly at 50 and 200 Day SMA.
- Price for now is testing the resistance zone of a previous weekly range. Bulls would hope that this zone turns as support for now.
- Fib levels shows price at 50% Fib level. If this holds a bounce is possible. Weekly candle closing into the previous range will extend the fall of INFY.