💻 Infosys Ltd. – Range-Bound but Weakening Momentum Near Key Support

CMP: ₹1,471.50 (−2.86%) Infosys continues to trade within a wide horizontal range, consolidating between ₹1,350 and ₹1,950 for over two years. The stock recently broke below its rising trendline and 30W SMA, signaling potential weakness within this long consolidation phase. 🔹 Technical Overview Pattern: Prolonged sideways range with lower highs – indicating pressure near the upper band. Support Zone: ₹1,350–₹1,400 remains a crucial multi-month base. Resistance Zone: ₹1,600–₹1,750 (upper boundary of the range). Relative Strength (RS): Weak and falling below zero, showing continued underperformance vs. Nifty. RSI: Holding above trendline support near 40 with mild bullish divergence, but still below 50 — momentum neutral to weak. 🔹 Interpretation ✅ Stock remains range-bound but still respecting the ₹1,350–₹1,400 support cluster. ⚠️ Breakdown below ₹1,350 could extend the decline toward ₹1,250–₹1,300. ⚠️ Sustained move above ₹1,600 is needed to confirm a positive reversal. 📊 RSI structure suggests potential for technical rebound, but strength confirmation is missing. 🔹 Outlook Infosys is at a critical juncture, holding near major support but underperforming relative to the index. Until it reclaims ₹1,600 with strong volume, the bias remains neutral to slightly bearish within the long-term range. 📢 Disclaimer: For educational purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)