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Dhwani Patel

18th Jan · SEBI-Registered Analyst

INFY
Infosys (NSE) illustrates a classic bullish gap-up breakout from a long-term consolidation zone. After stabilizing around the 1,600 support level, the price surged 5.63% in a single session, closing at 1,689.80. ​Key technical takeaways for learners include: ​Breakout Confirmation: The price cleared the prior resistance of 1,653.40 with a noticeable "gap," indicating high demand. ​Volume Spike: A massive volume of 19.34M validates the move, suggesting institutional buying. ​Support Flip: The previous resistance level is now expected to act as a new floor (support) during potential future pullbacks.

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