March 10, 2015

INFOSYS Chart analysis

  • Infosys daily chart shows range breakdown.
  • Bulls of Infosys should protect 50 and 100 SMA to avoid a bigger correction. One can see the 100 SMA acting as strong support as shown in 2nd chart. Bears must close below 100 SMA for bigger falls to happen.
  • Weekly MACD Looks good for bears. But this set up need the 100 SMA to break. Close below 100 SMA will help the Weekly MACD Bearish setup

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