Topic Statement:
Infosys has remained stuck in a broad sideways zone since 2022, with strong support levels offering promising long-term accumulation signals.
Key Points:
1. The stock has been range-bound between 1400 and 2000, repeatedly failing to break above the upper resistance
2. It currently stands on the 38.2% Fibonacci retracement level, where it is receiving strong support
3. Price is below the 200-day EMA, making the stock technically oversold and presenting an attractive investment opportunity
Infosys has remained stuck in a broad sideways zone since 2022, with strong support levels offering promising long-term accumulation signals.
Key Points:
1. The stock has been range-bound between 1400 and 2000, repeatedly failing to break above the upper resistance
2. It currently stands on the 38.2% Fibonacci retracement level, where it is receiving strong support
3. Price is below the 200-day EMA, making the stock technically oversold and presenting an attractive investment opportunity
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إخلاء المسؤولية
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.