This is the daily timeframe chart of INFY.
The stock has a strong support zone near 1410 and 1440.
It is facing major resistance within the short-term and mid-term channel around 1555–1565.
Currently, INFY is trading near 1520, and the ongoing move may extend toward 1560.
If the stock fails to break this resistance, a short-term decline may occur.
However, if the resistance is decisively broken, INFY has the potential to rally toward 1680–1700 based on the channel trend.
Thank You !!
The stock has a strong support zone near 1410 and 1440.
It is facing major resistance within the short-term and mid-term channel around 1555–1565.
Currently, INFY is trading near 1520, and the ongoing move may extend toward 1560.
If the stock fails to break this resistance, a short-term decline may occur.
However, if the resistance is decisively broken, INFY has the potential to rally toward 1680–1700 based on the channel trend.
Thank You !!
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
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.
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
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.