Infosys Ltd.
is strong technical indicators observed on the daily and weekly charts. The
stock has recently exhibited a bullish trend, forming a series of higher highs
and higher lows, which indicates a recovery phase and growing investor
confidence.
Support from Moving Averages:
- Golden Cross: The 50-day Moving Average (DMA) has crossed above the 200-DMA, indicating a medium-to-long-term bullish trend.
- Price Above 50-DMA and 200-DMA: This confirms ongoing bullish momentum.
RSI (Relative Strength Index)
- RSI is currently in the 55–65 range, suggesting positive momentum but not yet in overbought territory (>70), leaving room for further upside.
Volume
Analysis
- Rising price accompanied by higher-than-average
volume, indicating strong investor participation and confirming the
breakout or trend.
Considerations
Infosys is recommended based on bullish technical chart patterns and momentum indicators. The stock has recently broken above key resistance levels with strong volume, signaling continued upside potential.
Additionally, the stock has respected the 61.8% Fibonacci retracement level and successfully retested its breakout zone, reinforcing trend reliability. These factors support a buy recommendation with a favorable risk-reward outlook.
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