Topic Statement:
Infosys is showing signs of a steady recovery after a deep correction, though key resistance levels still challenge the upward momentum.
Key Points:
The stock found strong support at the 50% Fibonacci retracement during the recent correction, indicating solid buying interest at lower levels.
As the price recovers, the 23.6% Fibonacci level is acting as resistance, slowing the upward move.
Trading just above the 180-day EMA, Infosys remains technically oversold, hinting at continued recovery potential if resistance is breached.
Infosys is showing signs of a steady recovery after a deep correction, though key resistance levels still challenge the upward momentum.
Key Points:
The stock found strong support at the 50% Fibonacci retracement during the recent correction, indicating solid buying interest at lower levels.
As the price recovers, the 23.6% Fibonacci level is acting as resistance, slowing the upward move.
Trading just above the 180-day EMA, Infosys remains technically oversold, hinting at continued recovery potential if resistance is breached.
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.