Is Infosys Ready for a Fresh Upside Breakout?
The stock recently cleared the resistance of a rectangle pattern near ₹1560, a level that earlier acted as a ceiling for price expansion. With this breakout validated, the price now signals strength toward the next projected zone near ₹1672 or higher. A decisive closing above this zone may trigger an extended breakout wave.
Technically, Infosys now trades above multiple support zones while staying aligned with improving sentiment across the IT index. Broader sector tailwinds, global spending stabilization, and improved sentiment toward mid-to-long-term digital investments are also complementing the chart structure.
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| Technical Zone | Level |
|---|---|
| Support | ₹1540 |
| Resistance | ₹1672 and then ₹1720 |
| Current Bias | Bullish above key support |
|
Strengths 🔹 Breakout above major resistance |
Weaknesses 🔹 Breakouts still require confirmation through follow-through volume |
|
Opportunities 🔹 Sustained breakout may open pathway toward ₹1800+ zone |
Threats 🔹 If support of ₹1540 breaks, momentum may soften |
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Investor Takeaway: Infosys now signals renewed strength supported by confirmed technical breakouts. Traders may continue tracking trend levels closely with a disciplined execution approach. You may continue exploring structured analysis and insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
