Infosys share price daily chart technical analysis
Infosys share price on last trading session closed at 2992 with loss.on daily chart trend is is bullish but momentum bearish on account of correction.
on daily chart,Infosys share trading below week and month average of 3040 while on downside heading towards 2890 which is 3 month average.on daily chart all major indicators are in sell side and fundamentally also stronger rupee set profit booking pressure.
for month of sep 2013,traders with stoploss of 3055 can hold short view and keep target at 2890 and even below if rupee appreciate rapidly.
Infosys share price weekly chart technical analysis
Infosys share on weekly chart showing losses in this week.on chart trend and momentum still bullish for INFY.rally started at 2200 and major breakout seen around 2450 on news flow as well as strong volume.
Infosys share 6 month average level is 2770 and first support on downside.below that 2660 is 12 month average and 2605 is 3 month average level.on indicators rsi still with bullish divergence but cci showing signs of correction as this week turning negative for share price.
from medium term view,investors must buy this share near support zone of 2770 with stoploss and expect 3000-3100 levels as target on upside.at current level risk and reward is not favorable.
Infosys share price monthly chart technical analysis
Infosys share on monthly chart showing negative gains for month of sep 2013.on monthly chart,Infosys share trend and momentum still strong bullish.on downside 2570 is 3 years average level and 2350 is 5 years average level and remain as strong support levels on monthly basis closing and also investment levels for long term.
on monthly chart,Infosys share indicators mixed but overall momentum still in bulls hand.
my personal view is bullish.2500 was investment level and on any major correction 24-25k levels remain long term investors entry zone.on upside my first target will be 3320 and if close above that then expect 4080 as next target in loner run.
Infosys share is large cap/blue chip share and must be in your portfolio with long term horizon.in 2002 trading around 40 rupee(split/bonus/dividend adjusted) and hit all time high of 3395 in 2011 so 8000%+ gains in 9 years time frame!!