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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