April 12, 2013

INFOSYS Chart analysis

 
  • Infosys has two unfilled gap's in daily chart
  • Weekly chart shows price unable to break above the Golden ratio. Many breakout attempts have failed at this strong resistance level.
  • Daily chart has managed to close above High EMA But weekly is still below 5 Week High EMA, Weekly MACD is also looking bearish.
  • Bad news means price may move towards the previous result gap between 2379-2521. Good news may give a breakout above the Golden ratio.
  • SBI CHART ANALYSIS
-->


No comments:

Post a Comment