📉 Infosys Ltd. – Weakness, Range-Bound, Falling RSI Trendline

🔹 Price Action CMP: ₹1,495 (-2.88%). Stock trading in a broad sideways range between ₹1,385 – ₹1,645. Failed to sustain above falling trendline; rejection seen near resistance zone. 🔹 Technical Observations Sideways Box: Price oscillating inside ₹1,385 – ₹1,645 consolidation zone. Trendline Rejection: Lower highs visible; strong resistance above ₹1,645. Supports: Immediate support at ₹1,385, long-term base. 🔹 Key Levels Immediate Resistance: ₹1,645. Major Resistance: ₹1,750 → ₹1,850. Immediate Support: ₹1,385. Major Support: ₹1,250. 🔹 Indicators RSI ~42: Weak, still below falling trendline → momentum capped. Volume: Average, no strong accumulation signal yet. Trend: Neutral to bearish bias unless ₹1,645 is taken out. 🔹 Strength & Risk ❌ RSI falling → momentum loss. ❌ Price stuck in box pattern for months. ✅ Support zone around ₹1,385 has held multiple times. 🔹 Outlook Short Term: Likely sideways between ₹1,385–₹1,645. Medium Term: Sustained close above ₹1,645 → opens path to ₹1,750–₹1,850. Risk: Breakdown below ₹1,385 → slide toward ₹1,250. 📌 Strategy Traders: Avoid aggressive longs until ₹1,645 breakout. Investors: Accumulate near ₹1,385–₹1,400 with SL below ₹1,250 for long-term. 📢 Disclaimer: This is educational analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332).