Infosys Ltd. Technical Chart | 02-Dec-2011

Let’s discuss the technical chart of Infosys Ltd., listed on Indian stock exchange. I’ve used the same Ichimoku” style=”padding-bottom: 0px !important; background-image: url(data:image/gif;base64,R0lGODlhBAADAIABAP8NDQAAACH5BAEAAAEALAAAAAAEAAMAAAIFRB5mGQUAOw==) !important; background-attachment: initial !important; background-origin: initial !important; background-clip: initial !important; background-color: transparent !important; text-decoration: none !important; white-space: nowrap !important; background-position: 50% 100%; background-repeat: repeat no-repeat !important; “>IchimokuKinko Hyo indicator.

It’s very much clear from the chart, that Infosys is trading very major support level - kumo. And that’s a very positive sign for it. 

On the upside, it will face resistance at 2766.30. Closing above this level will re-start its upward journey.

On the downside, 2593 is a very important level to watch. If it closes below this level on weekly time frame, exit from it.

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