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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Disclaimer
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.