Infosys Stock prices don’t seem to be having a good time since the beginning of this month.
After the issue with Russian Business mandates and internal dreadlocks, this time the company has reported disappointing Q4 Results.
The market doesn’t look happy with the recent Q4 earnings. As a result, Stock prices tumbled sharply and broke the major Support Zone in 1680 – 1670.
Take a look at the Price Behavior of Infosys on the 1D Chart
Infosys – Price Action Analysis on 1D Chart
The prices are trading in a Structural Range and Volatility has been quite high in the stock since the beginning of this year.
Right after the Q4 results, markets responded in a negative manner and there was a massive gap down in stock prices.
As we can see in the Chart, prices have clearly broken the Important Support zone at 1680.
As a result of the Breakout from the Range, Infosys stock prices could become more volatile and might give trading opportunities in upcoming days.
Traders should keep an eye on the Price Action and take positions as per the market sentiment.