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:
- The price has fallen to the 38.2% Fibonacci retracement level multiple times, where it continues to receive support
- It is currently trading below both the 50-day and 200-day EMAs, marking the stock as highly oversold
- Infy has been range-bound between 1300 and 2000 since 2022, reflecting a prolonged phase of consolidation and indecision
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Disclaimer
This article should not be interpreted as investment advice. For any investment decisions, consult a reputable financial advisor. The author and publisher are not responsible for any losses incurred by investors or traders based on the information provided.