Infosys is currently in a weak-to-sideways trend, but some short-term buying interest is visible near support zones.
Current View
Trend: Bearish on higher timeframe, recovery attempt on short-term charts.
Momentum: Weak below ₹1,200 zone.
IT sector sentiment is improving slightly after a deep correction.
Important Levels
Support Levels
₹1170–1160 → Immediate support
₹1145 → Strong support
₹1100–1080 → Major demand zone if breakdown happens
Resistance Levels
₹1195–1210 → Immediate resistance
₹1220–1245 → Strong resistance
₹1280+ → Trend reversal confirmation zone
Trading Setup
Above ₹1210: stock can move toward ₹1245–1280.
Below ₹1145 closing: downside toward ₹1100 possible.
Safe positional buying is better only after strong closing above ₹1245.
Current View
Trend: Bearish on higher timeframe, recovery attempt on short-term charts.
Momentum: Weak below ₹1,200 zone.
IT sector sentiment is improving slightly after a deep correction.
Important Levels
Support Levels
₹1170–1160 → Immediate support
₹1145 → Strong support
₹1100–1080 → Major demand zone if breakdown happens
Resistance Levels
₹1195–1210 → Immediate resistance
₹1220–1245 → Strong resistance
₹1280+ → Trend reversal confirmation zone
Trading Setup
Above ₹1210: stock can move toward ₹1245–1280.
Below ₹1145 closing: downside toward ₹1100 possible.
Safe positional buying is better only after strong closing above ₹1245.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.