Infosys - Bullish Flag and Head & Shoulder Patterns

🔍 1. Infosys Current Price Range and Key Levels
Since January 2021, Infosys has been trading in a broad range between ₹1300 and ₹2000, consolidating for over 4 years. Within this range, there are three key support and resistance levels to watch closely:

1. Support: ₹1300 (major floor)
   
2. Intermediate Resistance/Support Zone: ₹1600 – ₹1650
   
3. Strong Resistance: ₹2000 (upper bound)
   

📈 2. Bullish Flag Pattern: A Bullish Flag is a continuation pattern that forms after a strong upward price move "flagpole", followed by a period of consolidation in a narrow downward or sideways channel "flag". It typically signals a pause before the uptrend resumes.

• Infosys recently broke out of a bullish flag pattern and crossed above ₹1580 with a strong closing on higher volume, indicating renewed buying interest.
  
• Price is currently trading above the 50-day Exponential Moving Average (EMA), confirming the continuation of the mid-term uptrend.
  
• However, the zone around ₹1650 remains a strong and key resistance level to monitor closely.
  

🧩 3. Potential Bullish Head and Shoulders Pattern Above ₹1650
Should Infosys break decisively above ₹1650, it is likely to form another significant bullish pattern known as the Bullish Head and Shoulders.

• This pattern signals a trend reversal from bearish to bullish and is considered highly reliable.
  
• Trend: Appears after a downtrend or consolidation, signaling reversal
  
• Touchpoints: Three lows – left shoulder, head (lowest point), and right shoulder, roughly at similar levels
  
• Neckline: The resistance line connecting the highs between shoulders and head
  
• Timeframe: Medium-term, often forming over weeks up to 6 months
  
• Volume: Typically higher volume on left shoulder and head formation, volume dips on right shoulder, and surges on breakout
  

⚠️ 4. Key Concerns in Infosys Chart Pattern
Price-Volume Divergence: During the head formation, volume increased sharply as price fell — indicating strong selling pressure. However, volume was low when price approached the neckline — suggesting weak buying interest to confirm breakout. This divergence signals potential caution.

Resistance Zone: Price remains below the key resistance at ₹1650, which has acted as a ceiling multiple times. A decisive breakout is required to sustain further upside momentum.

⚠️ Disclaimer
This report is intended solely for educational and training purposes and does not constitute investment advice. Traders and investors should conduct their own research and consult financial advisors before making trading decisions.