INFOSYS (INFY) – Weekly Ascending Triangle Breakdown | Trendline Retest & Deeper Support
CMP: ₹1,469.60 (as of Aug 1, 2025)
Infosys has broken below an ascending triangle pattern on the weekly timeframe. The upper resistance at ₹1,560 repeatedly rejected price, while higher lows built pressure from below. Eventually, price lost the rising trendline support around ₹1,500–₹1,510, signaling weakness.
The current move suggests a likely retest of the broken trendline. A rejection near ₹1,500–₹1,510 would confirm it as resistance, reinforcing bearish momentum. Immediate horizontal support lies at ₹1,450–₹1,430. A breakdown here may extend the fall toward ₹1,380.
However, there’s a long-term trendline from COVID lows (2020), now nearing ₹1,370–₹1,350. This area may offer strong support and could trigger a bounce, even if short-term structure remains weak.
Key Levels:
Resistance: ₹1,500–₹1,510 (retest zone)
Support: ₹1,450–₹1,430 (immediate), ₹1,380 (swing), ₹1,370–₹1,350 (long-term trendline)
Breakdown trigger: Weekly close < ₹1,430
Invalidates bearish setup: Close > ₹1,515
52W High: ₹2,006.80 | Drawdown: ~27%
Setup Summary:
Bearish bias post ascending triangle breakdown. Watching for rejection on retest near ₹1,510. Break of ₹1,430 opens path to ₹1,380, with possible bounce from ₹1,370–₹1,350 long-term trendline.
CMP: ₹1,469.60 (as of Aug 1, 2025)
Infosys has broken below an ascending triangle pattern on the weekly timeframe. The upper resistance at ₹1,560 repeatedly rejected price, while higher lows built pressure from below. Eventually, price lost the rising trendline support around ₹1,500–₹1,510, signaling weakness.
The current move suggests a likely retest of the broken trendline. A rejection near ₹1,500–₹1,510 would confirm it as resistance, reinforcing bearish momentum. Immediate horizontal support lies at ₹1,450–₹1,430. A breakdown here may extend the fall toward ₹1,380.
However, there’s a long-term trendline from COVID lows (2020), now nearing ₹1,370–₹1,350. This area may offer strong support and could trigger a bounce, even if short-term structure remains weak.
Key Levels:
Resistance: ₹1,500–₹1,510 (retest zone)
Support: ₹1,450–₹1,430 (immediate), ₹1,380 (swing), ₹1,370–₹1,350 (long-term trendline)
Breakdown trigger: Weekly close < ₹1,430
Invalidates bearish setup: Close > ₹1,515
52W High: ₹2,006.80 | Drawdown: ~27%
Setup Summary:
Bearish bias post ascending triangle breakdown. Watching for rejection on retest near ₹1,510. Break of ₹1,430 opens path to ₹1,380, with possible bounce from ₹1,370–₹1,350 long-term trendline.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.