Cloud Over the Tech Giant: INFY Loses Momentum
INFY is showing renewed weakness after failing to sustain recent highs, with price slipping back below key resistance zones. The chart reflects a series of lower highs and supply emerging on rallies, indicating that sellers are active at higher levels. Momentum remains cautious as volumes pick up on down days, suggesting distribution rather than accumulation. Unless the stock reclaims its recent resistance convincingly, the near-term bias stays tilted to the downside, with further consolidation or corrective moves likely.
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