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...
TCS is approaching a critical multi-month support zone between ₹2,880–₹2,860. This level has previously acted as a reliable demand zone in June and July. A retest and breakdown below ₹2,875 may open the gates for further downside toward ₹2,810.
However, a bounce from this support — backed by volume and a strong daily close — could push the stock back to the...
📊 DRREDDY – Falling Wedge Breakout Analysis
Date: August 2, 2025
CMP (Current Market Price): ₹1,220.60 ( Look for Support or breakdown on trend lines )
📝 Summary:
Dr. Reddy’s Laboratories has broken out of a falling wedge pattern on the daily chart, a classic bullish reversal setup. After weeks of narrowing price action between converging trendlines, the breakout...
Asian Paints is showing a bullish reversal setup with a clear W pattern (Double Bottom) forming on the daily chart. The stock has tested the ₹2500 support zone twice and bounced, indicating strong buying interest. It is now approaching the neckline at ₹2600, a critical breakout level.
A sustained move above ₹2613, especially with good volume, could confirm the...
