Sunday, October 25, 2009

infosys


Infosys
The stock has stopped exactly at the trend line which was a support till now but now will act as a resistance. Infosys has bounced back from its 50 DMA (notice how many time it has done the same in the past).
The nest resistance in the stock is at 2290, 2320 (strong one) and then at 2340 -2370 (even stronger)
The support is at 2200 (50 DMA) and then at 2160

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