October 24, 2015

INFOSYS Chart analysis

  • Month shows a possible doubtful candle forming if price closes around the current levels. With few sessions to go this may change as well
  • Weekly shows  negative divergence which resulted in fall from 1200 levels to 1100 this may resume if the divergence persist. Sideways move may nullify the effects of divergence. 
  • The up trend line from 540 levels continue to hold. No bigger weakness in chart till this line holds.