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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.