INFY – Reversal Setup in Making?

📲 INFY – Reversal Setup in Making?

With most of the global negativity already priced in, the IT sector is showing early signs of stability. INFY is forming a structure that can lead to a trend reversal, provided key levels are reclaimed.

📌 Trade / Investment Plan
• CMP: ₹1562
• Stop Loss: ₹1390
• Targets: ₹1644 / ₹1724 / ₹1953

📍 Structure & Logic
• Global slowdown & US concerns already factored into price
• IT basket showing relative strength vs fear
• Higher stability forming at base
• Above ₹1650, an Inverse Head & Shoulder pattern gets invalidated, which often leads to strong upside
• ₹1645–₹1650 = Major resistance zone
• Break & hold above this zone can accelerate momentum

⚠️ Buying Strategy
Start with small position sizing and follow a staggered accumulation strategy. Increase position only after targets start getting achieved or after a strong breakout above resistance.

⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.

📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.

📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.