Infosys share price jumps ~2% after crossing key moving averages as Fed hints at potential rate cuts. Here’s the outlook and whether you should watch this stock.
📈 What’s Happening
- Price action: Infosys is up ~2.2% today, trading around ₹1,616 — a strong performance hdfcsky.comequitypandit.com+3m.economictimes.com+3angelone.in+3.
- Technical boost: The stock has crossed its 20-, 14-, and 50‑day EMAs, signalling a bullish reversal .
- Volume spike: Today’s trading volume (8 million shares) is well above its weekly average (~7.1 million) .
🔍 Why It Matters
- Fed Fear Easing: Expectations of U.S. rate cuts have revived appetite for IT stocks like Infosys
- Momentum Trigger: Bullish EMA crossover patterns have historically led to further gains—mean 30‑day rise of ~4% post the signal
Analyst Take
If Infosys can hold above ₹1,600 — the neckline from recent resistance — it could push to ₹1,650–1,670 in the next couple of weeks. Watch for any sell-off; support lies around ₹1,597–1,572 equitypandit.com+1economictimes.indiatimes.com+1
Should You Buy?
✔️ If you’re a swing trader looking for short-term gains, yes—on dips near ₹1,600 with a stop-loss just below ₹1,580.
✔️ For long-term investors, Infosys remains a solid pick in the IT space — consider accumulating on dips.
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❓FAQs
Q1: Why is Infosys rising today?
Expectations of U.S. rate cuts and bullish technical patterns (EMA crossovers) are driving momentum.
Q2: What are key support/resistance levels?
Support: ₹1,597–1,572. Resistance: ₹1,647–1,672 m.economictimes.com+5equitypandit.com+5economictimes.indiatimes.com+5.
Q3: Suited more for traders or long-term investors?
Both — traders can leverage short-term gains; long-term investors can accumulate in tranches.
