Topic Statement:
Infosys has witnessed a deep correction and is currently trading in an extremely oversold zone, indicating a possible pause or reversal in the downtrend.
Key Points:
- Price is attempting to hold above the 38.2% Fibonacci retracement level at ₹1436.
- Trading below the 180-day EMA signals an oversold condition.
- Weekly Money Flow Index (MFI) is at 13.5, highlighting that the stock is extremely oversold.
Infosys has witnessed a deep correction and is currently trading in an extremely oversold zone, indicating a possible pause or reversal in the downtrend.
Key Points:
- Price is attempting to hold above the 38.2% Fibonacci retracement level at ₹1436.
- Trading below the 180-day EMA signals an oversold condition.
- Weekly Money Flow Index (MFI) is at 13.5, highlighting that the stock is extremely oversold.
Feragatname
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Feragatname
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.