Topic Statement:
Infy has struggled this year with repeated price declines, remaining stuck in a wide sideways zone while trading at heavily oversold levels.
Key Points:
1. The price has fallen to the 38.2% Fibonacci retracement level multiple times, where it continues to receive support
2. It is currently trading below both the 50-day and 200-day EMAs, marking the stock as highly oversold
3. Infy has been range-bound between 1300 and 2000 since 2022, reflecting a prolonged phase of consolidation and indecision
Infy has struggled this year with repeated price declines, remaining stuck in a wide sideways zone while trading at heavily oversold levels.
Key Points:
1. The price has fallen to the 38.2% Fibonacci retracement level multiple times, where it continues to receive support
2. It is currently trading below both the 50-day and 200-day EMAs, marking the stock as highly oversold
3. Infy has been range-bound between 1300 and 2000 since 2022, reflecting a prolonged phase of consolidation and indecision
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.