Infosys Ltd stock of the view

 

Technical Analysis of Infosys Ltd (30-Minute Chart)

Support & Resistance Levels:

Support: Around ₹1,562 - ₹1,563 (0.786 Fibonacci retracement level).

Resistance:

₹1,604 - ₹1,605 (0.618 Fibonacci retracement level).

₹1,631 - ₹1,633 (0.5 Fibonacci retracement level).

₹1,662 - ₹1,670 (strong resistance, 0.382 Fibonacci level and previous price action resistance).

Target Levels:

If price sustains above ₹1,604 (0.618 Fib level), it may test ₹1,631 and further ₹1,670.

A breakout above ₹1,670 could lead to further bullish momentum.

Stop Loss (SL) Considerations:

If Long Position: SL can be placed below ₹1,563 (0.786 Fib level) to minimize downside risk.

If Short Position: SL can be placed above ₹1,670, as breaking this level may signal further upside.

Technical Indicators:

RSI (Relative Strength Index): Recently spiked but dropped, indicating potential cooling off from overbought levels.

Volume: Increased volume during the latest price movements suggests strong market participation.

Trend Analysis:

The price is moving within a Fibonacci retracement zone.

If price holds above ₹1,590 - ₹1,604, a bullish move can be expected.

A breakdown below ₹1,562 could lead to further downside.

Conclusion:

Bullish Case: Above ₹1,604, targets ₹1,631 and ₹1,670.

Bearish Case: Below ₹1,563, risk of further decline.

Trading Strategy: Look for confirmation above resistance levels for buying or rejection signals for shorting.

Infosys Ltd (NSE) – Short, Medium, and Long-Term Technical View

1. Short-Term View (Intraday to Few Days)

Current Price Zone: ₹1,590 - ₹1,595

Support Levels: ₹1,563 - ₹1,570

Resistance Levels: ₹1,604 - ₹1,631

Technical Indicators:

RSI recently spiked and dropped, indicating price cooling down.

Volume is increasing, suggesting active participation.

Outlook:

Bullish Scenario: If price sustains above ₹1,604, short-term targets are ₹1,631 and ₹1,670.

Bearish Scenario: If price breaks below ₹1,563, downside targets could be ₹1,540 or lower.

Strategy: Traders can look for breakout trades above ₹1,604 with SL at ₹1,562 or short below ₹1,563 with SL at ₹1,604.

2. Medium-Term View (Few Weeks to Few Months)

Trend Analysis:

The price has been consolidating within the Fibonacci retracement zone.

A breakout above ₹1,670 could lead to a medium-term uptrend.

A breakdown below ₹1,562 would indicate further weakness.

Target Levels:

Upside Targets: ₹1,670 → ₹1,700 → ₹1,750

Downside Risk: ₹1,540 → ₹1,500

Outlook:

If Infosys sustains above ₹1,631 (50% Fibonacci retracement), it signals strength.

Medium-term investors can buy on dips near support levels with SL at ₹1,540.

3. Long-Term View (6 Months to 1+ Year)

Key Levels:

Strong Resistance: ₹1,700 - ₹1,750 (previous highs).

Major Support: ₹1,500 - ₹1,520 (long-term structure support).

Indicators:

If the stock stays above ₹1,670 for a longer duration, it may enter a long-term bullish trend.

A fall below ₹1,500 may trigger extended downside moves.

Long-Term Outlook:

Bullish: If market conditions and Infosys fundamentals remain positive, potential long-term targets are ₹1,800 - ₹1,900.

Bearish: If market sentiment weakens, long-term support around ₹1,450 - ₹1,500 will be crucial.

Final Thoughts

Short-Term (1-7 days): Watch for breakout above ₹1,604 for bullish momentum.

Medium-Term (Weeks to Months): Holding above ₹1,631 strengthens the uptrend.

Long-Term (6+ months): ₹1,670+ sustains a bullish rally, while below ₹1,500 signals caution