INFY

Technical View- As observed on the daily chart, the stock is taking strong support around its 14 and 55-day EMA zones. After forming a low of 1575.00 on June 23 and 1577.40 on June 24, the stock has not retested these levels, indicating strong support. A similar low of 1570.40 was seen on June 13, confirming this as a key support area. The stock is not yet in a clear pullback rally but continues to hold firmly above its 55-day EMA, with the 14-day EMA also providing consistent support near the 1590.00 zone. The short-term technical indicators like MACD, RSI, and Parabolic SAR are showing a positive bias, and the stock has been trading within a defined range over the past month. The price action near key EMAs suggests potential for a pullback rally. Today, the stock opened at 1609.00, made a low of 1601.10, a high of 1617.30, and closed at 1606.80. The 1590.00 level, which coincides with the 200-day EMA, remains a crucial short-term support. Any dip towards the 1599.00–1600.00 zone presents a good buying opportunity. In the short term, the stock can be accumulated with a stop-loss at 1575.00, and on the upside, levels of 1660.00–1670.00 could be tested soon, aligning with the 200-day EMA resistance. Warning- ***** *****