June 30, 2014
- INFOSYS Weekly MACD was looking good until price hit the 20 Week SMA. Now Bulls here need a close above 20 Week SMA on closing basis for a bigger up move.
- Daily chart is trading closer to 200 SMA. Unable to close back above 200 SMA means weakness continues for the stock.
- Most crucial level for infosys to stay above is the weekly range shown in last chart. Staying above this range up moves are possible.