Monthly Timeframe:
Infosys is forming a potential Double Top pattern near its resistance zone. However, confirmation of this bearish structure is pending as the price has not yet broken below critical support levels. The stock appears to be moving sideways near resistance, suggesting the possibility of a breakout. However, MACD is showing bearish divergences, which could indicate weakening bullish momentum, hinting at a potential reversal.
Weekly Timeframe:
In the weekly chart, Infosys experienced a fake breakout, confirmed by the bearish candle formed during the week of 13th January 2025. This high-volume bearish candle reinforces the idea of a trend reversal as it establishes a lower high, in line with Dow Theory's bearish trend structure. The price action is strongly negative, supported by increased selling pressure.
Daily Timeframe:
On 17th January 2025, Infosys gapped down following the announcement of positive results, signaling a classic "bad price action after good news" scenario—often considered a highly bearish signal. The gap-down candle suggests strong bearish sentiment, despite the favorable earnings report. Traders may use the high of the result day candle as a stop loss on a closing basis to manage risk.
Infosys is forming a potential Double Top pattern near its resistance zone. However, confirmation of this bearish structure is pending as the price has not yet broken below critical support levels. The stock appears to be moving sideways near resistance, suggesting the possibility of a breakout. However, MACD is showing bearish divergences, which could indicate weakening bullish momentum, hinting at a potential reversal.
Weekly Timeframe:
In the weekly chart, Infosys experienced a fake breakout, confirmed by the bearish candle formed during the week of 13th January 2025. This high-volume bearish candle reinforces the idea of a trend reversal as it establishes a lower high, in line with Dow Theory's bearish trend structure. The price action is strongly negative, supported by increased selling pressure.
Daily Timeframe:
On 17th January 2025, Infosys gapped down following the announcement of positive results, signaling a classic "bad price action after good news" scenario—often considered a highly bearish signal. The gap-down candle suggests strong bearish sentiment, despite the favorable earnings report. Traders may use the high of the result day candle as a stop loss on a closing basis to manage risk.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.