Huge Pattern Breakouts Possible In Infosys

The stock saw a huge sell off in 2011 results at 3400 levels. Ever since that the stock took a huge correction for many months. What the industry looks for is a consistency on the implementation of these policies making sure that overall there is a good environment, especially, for small and medium businesses to grow.

Technical Levels :

2950-3000 has been a resistance for the last 6-8 months. The stock is now consolidating at higher levels and one may now watch for a breakout above 3000.

Supports at 2800-2750 and one needs to watch for a good closing above 3000 which can happen in next few weeks to initiated a trade.