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Shashank Gupta

11th Jun · SEBI-Registered Analyst

$INFY

Technical evaluation reveals a shift in momentum parameters. The Moving Average Convergence Divergence (MACD) indicator presents a bearish stance on both weekly and monthly charts, signalling a prevailing downward pressure on price momentum. Meanwhile, the Relative Strength Index (RSI) remains neutral with no definitive signals on weekly or monthly timeframes, suggesting the stock is neither overbought nor oversold at present. Bollinger Bands, which measure volatility and price levels relative to moving averages, also indicate bearish tendencies on weekly and monthly scales. Daily moving averages align with this perspective, reinforcing the presence of downward momentum in the short term. When viewed over longer horizons, Infosys Ltd’s returns present a contrasting picture to benchmark indices. Over one year, the stock’s return is approximately -28.27%, compared to the Sensex’s -10.21%. Extending to three and five years, the stock’s cumulative returns are -9.55% and -19.62% respectively, while the Sensex has recorded positive returns of 18.14% and 41.46% over the same periods. Even over a decade, Infosys’s return of 93.94% trails the Sensex’s 177.76%, illustrating a relative underperformance in the broader market context.

#TechnicalViews
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