Stock analysis Infosys Limited INFY

More indepth analysis on MunafaSutra.com

Moving Averages for Infosys Limited

5Day Average: 1427.69
12Day Average: 1429.79
20Day Average: 1452.49
50Day Average: 1549.45
100Day Average: 1570.32
150Day Average: 1523.25
200Day Average: 1496.97

INFY Indicators & signals

Indicator MACD (12,26,9)

1437.55, 1472.22, -37.51
Indicator MACD is in negative zone

Indicator ADX (14)

49.33, 11.16, 32.9
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of INFY Infosys Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
02 Thu May 2024	1414.45	1411.85 to 1424.00	-0.43%	0.98 times
30 Tue Apr 2024	1420.55	1417.55 to 1436.55	-0.99%	0.67 times
29 Mon Apr 2024	1434.75	1428.25 to 1439.80	0.31%	0.49 times
26 Fri Apr 2024	1430.25	1427.00 to 1445.40	-0.57%	0.78 times
25 Thu Apr 2024	1438.45	1420.00 to 1444.90	0.54%	0.88 times
24 Wed Apr 2024	1430.75	1427.05 to 1444.30	-0.81%	0.41 times
23 Tue Apr 2024	1442.40	1433.00 to 1446.85	0.67%	0.47 times
22 Mon Apr 2024	1432.75	1413.05 to 1436.85	1.52%	0.57 times
19 Fri Apr 2024	1411.25	1378.75 to 1426.85	-0.56%	2 times
18 Thu Apr 2024	1419.25	1407.50 to 1444.70	0.34%	2.15 times
16 Tue Apr 2024	1414.45	1413.05 to 1455.15	-3.66%	1.57 times
15 Mon Apr 2024	1468.15	1461.05 to 1491.95	-1.12%	0.83 times

Technical analysis forecast for Infosys Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Infosys Limited INFY at this time. Stock is falling and might fall more.

It appears as if Infosys Limited INFY gave a large move recently.

Stock of Infosys Limited (INFY) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Infosys Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Infosys Limited stays below 1426.5, but if it comes above 1426.5, then a intra day buy could be more profitable.
If you take a sell trade below 1426.5, then use 1426.5 as stoploss and 1389.6 as target. However if you take a buy trade in Infosys Limited, then use 1426.5 as stoploss and 1457.21 as target.

More indepth analysis on MunafaSutra.com