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The earnings announcement has left the trends along all the time frames untouched in this stock.

Though volumes picked up last week, it is still a will-it-or-will-it-not breach of Rs 1,900 for Infosys. A close beyond the long-term average present at Rs 2,100 is required to signal the reversal of the short-term down trend.

On the down-side, the Rs 1,900 support continues to be a medium-term trend-deciding level.

A move below this level will take the stock down towards Rs 1,838 and then Rs 1,692. Hold the stock with a stop at Rs 1,880.

Lokeshwarri S. K.

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