INFOSYS INFY Indian Stocks Elliott Wave technical analysis [Video]

INFOSYS – Daily Elliott Wave technical analysis

Function: Bearish Trend.

Mode: Impulsive.

Structure: Gray wave 3.

Position: Orange wave 3.

Direction next higher degrees: Gray wave 4.

Details: Gray wave 2 appears completed; gray wave 3 is now unfolding.

Wave cancel invalid level: 1788.76.

The Elliott Wave daily analysis for INFOSYS reveals a bearish trend currently dominating the stock's price movement. The analysis focuses on gray wave 3, which is part of the larger orange wave 3 structure in the broader wave count.

Technical observations confirm that gray wave 2 has likely concluded its corrective phase. The price is now progressing through gray wave 3, typically the most aggressive and extended segment in Elliott Wave theory, suggesting continued downward pressure on INFOSYS shares.

The invalidation point is set at 1788.76. A price move above this level would invalidate the current bearish forecast. From a daily chart perspective, traders gain a clear view of the impulsive movement while maintaining context of the higher wave structure.

Upon the completion of gray wave 3, a corrective phase in gray wave 4 is anticipated before a potential continuation downward into gray wave 5. The analysis emphasizes understanding the relationships between wave degrees. Gray wave 3 offers both an immediate trade opportunity and contributes to the broader orange wave 3 downtrend.

Traders should watch for common third wave behaviors—high momentum and sharp price drops. The current setup favors short positions in line with the dominant trend, with tight risk controls near the invalidation zone.

This analysis provides strategic insight for traders aiming to benefit from the ongoing bearish move in INFOSYS, with the daily chart offering optimal clarity for entry and exit decisions.

INFOSYS – Weekly Elliott Wave technical analysis

Function: Counter Trend.

Mode: Impulsive.

Structure: Orange wave 3.

Position: Navy Blue Wave A.

Direction next higher degrees: Orange wave 4.

Details: Orange wave 2 appears completed; orange wave 3 is now developing.

Wave cancel invalid level: 1838.07.

The weekly Elliott Wave analysis of INFOSYS presents a counter-trend scenario that may carry medium-term implications for this major IT stock. The focus is on orange wave 3, which forms part of a larger navy blue wave A in the broader Elliott Wave structure.

Market analysis confirms that orange wave 2 has likely concluded, and the stock is now moving through the impulsive structure of orange wave 3. This suggests INFOSYS may be experiencing a temporary rally within a complex corrective pattern, rather than a full-scale trend reversal.

A breach above 1838.07 would invalidate the current wave count and necessitate a reassessment of the structure. The weekly chart provides investors with a clear view of how orange wave 3 is progressing inside navy blue wave A, offering insight into potential turning points and trend continuation signals.

This analysis highlights the importance of understanding wave degree relationships. Orange wave 3 presents both a tactical opportunity and a structural component of the broader correction. Traders should look for signs of third wave behavior such as rising momentum within this impulsive segment.

The current setup calls for careful consideration of both short-term entries and broader positioning, while respecting the key invalidation level. The weekly timeframe delivers strategic visibility for investors managing exposure in what appears to be a critical phase of INFOSYS's price development.

Technical Analyst: Malik Awais.

INFOSYS – Daily Elliott Wave technical analysis [Video]