INFOSYS TECHNOLOGIES
- Stock has formed head and shoulder formation in daily chart, sharp movement expecting once it comes out from its pattern.
- Stock also moving up from 100 DMA, this indicates bulls will be favored as long as stock holds above 100 DMA.
- Stock also facing strong trend line support around 1898, weakness expecting once stock closes and holds below 1898.
- On upper side stock will find neckline resistance around 2030, further strength expecting once stock closes and holds above 2030. Close Watch.
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