INFOSYS Chart analysis

• Infosys is testing a resistance line in weekly chart.
• Price is also testing its month high ema.
• For bulls price should do a close above month High EMA for continuing this up move.
• Daily charts are showing overbought stochastic readings. But MACD is still in buy mode with Some negative divergence.
• Another important thing to track for IT stock is the movement of USDINR. I have done an analysis on the trend of USDINR today: CLICK HERE TO SEE USDINR TREND UPDATE
• NIFTY WEEKEND UPDATE