Technical Analysis Infosys Ltd.

The stock

has been in a clear downtrend after a sharp correction from its highs but the recent price action suggests that selling pressure is gradually weakening. The stock has started forming higher lows from the recent bottom near ₹1000 indicating that buyers are returning. However the overall trend is still not fully bullish as the price remains below its major resistance zones. The recent recovery has been supported by improving momentum but a strong breakout above resistance with higher trading volume is required to confirm a trend reversal. The immediate support is placed around ₹1050–1060 which is acting as the first demand zone. A break below this level could drag the stock towards ₹1000–1020 where stronger buying interest may emerge. On the upside the first resistance is located near ₹1120–1140. If the stock closes decisively above this range with strong volume, the next upside targets could be ₹1200–1230 followed by the major resistance around ₹1300–1360. Short-term traders should wait for a confirmed breakout above ₹1140 before initiating fresh long positions. Existing investors can continue holding as long as the stock remains above ₹1050. A close below ₹1050 may signal renewed weakness and could lead to further downside.