Infosys is currently trading near a trendline support
INFY
Infosys is currently trading near a crucial trendline support zone of ₹980–₹990, which could play an important role in determining its next directional move. On the daily chart, the stock has witnessed sustained selling pressure after facing resistance around ₹1,180–₹1,190 in August and has gradually moved toward this rising support trendline. The ₹980–₹990 zone is therefore an important area to watch, as a sustained hold here, supported by bullish candlestick formation and buying momentum, could create the possibility of a technical rebound toward ₹1,020–₹1,040, followed by ₹1,060–₹1,080. However, the overall short-term structure remains weak until the stock shows signs of a sustained recovery. A decisive daily close below ₹980 could invalidate the immediate support setup and expose the stock to further downside pressure toward lower levels. The key trigger will be whether Infosys manages to defend the ₹980–₹990 support zone or breaks below it.