💻 Infosys (INFY) – Weekly Chart Breakdown

🧠 Big Picture Structure Strong downtrend ended near ₹1,360 (capitulation low) Long rounding base / accumulation range between ₹1,430 – ₹1,650 Time spent in base: ~7–8 months → very important 👉 The longer the base, the stronger the breakout. 🧱 The Green Zone = Accumulation Price repeatedly rejected near ₹1,650, but lows kept rising Sellers got absorbed slowly Curve formation shows institutions averaging, not chasing This is smart money behavior, not retail momentum. 🔥 Breakout Confirmation Weekly close above ₹1,650 Strong bullish candle, close near highs No long upper shadow → acceptance above resistance This confirms range expansion has started. 🎯 Target Projection (Measured Move) Range height ≈ ₹220–240 Upside targets: T1: ₹1,780–1,800 T2: ₹1,880–1,900 (your marked zone is perfect) This aligns with: Prior distribution area Psychological round numbers Weekly supply zone from earlier trend 🛑 Invalidation / Risk Levels Weekly close below ₹1,600 → breakout failure Strong structural support: ₹1,520–1,540 Ultimate trend support: ₹1,360 As long as INFY stays above ₹1,600, trend bias = bullish. 🧭 Relative Sector View (Important) IT stocks are late movers in this market cycle INFY moving after months of consolidation = rotation play This is healthy leadership transfer, not euphoric buying 📊 Trading Plan (Clean & Simple) Positional / Swing: ✅ Buy on dips toward ₹1,620–1,650 🎯 Targets: ₹1,800 / ₹1,900 🛑 SL: ₹1,595 (weekly close) Portfolio / Long-term: Accumulate in tranches Don’t chase vertical candles — let it retest once