Below is the technical chart of Infosys Ltd., listed on Indian stock exchange, using Ichimoku indicator. Time frame used is daily.

 

 



 

 

Its technical chart shows that the price is itrading inside kumo, which is a no-trade zone. It can move upwards also and it can move downwards also. So, it's better to sit on cash rather to play gamble at this stage. 

On the upside, it got resistance at 2555. Crossing it, it can touch 2595, where it will again face tough resistance. On the downside, it got support @2425.

In a summary, it's better not to trade in this share till technical charts are clear. There are always better opportunities in the market.

Infosys Technical Chart | 12-July-2012
Rate this post
https://images.investmentkit.com/articles/wp-content/uploads/2011/12/infosys_technologies_logo.jpghttps://images.investmentkit.com/articles/wp-content/uploads/2011/12/infosys_technologies_logo-150x78.jpgAdminStock MarketCrossing,gamble,indian stock exchange,indicator,Infosys Ltd.,Kumo,Ltd,share,stage,summary,Technical,technical chart,timeBelow is the technical chart of Infosys Ltd., listed on Indian stock exchange, using Ichimoku indicator. Time frame used is daily.         Its technical chart shows that the price is itrading inside kumo, which is a no-trade zone. It can move upwards also and it can move downwards also. So, it's...Tutorials to Educate Investors
READ  Bullish Breakout in GTL Infra Ltd. | Technical Chart | 20-Jan-0212