Infosys: RSI at All-Time Low – What Next?
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On the monthly timeframe, RSI has dropped to an all-time low, which is quite notable from a long-term momentum perspective. At the same time, the stock was taking support around the 90- Month moving average, but has now broken below it. Additionally, price has breached the 2023 low, which puts the long-term uptrend at risk.
This combination suggests some structural weakness, but I’d be interested to hear how others are interpreting this setup. Just sharing an observation from the charts for discussion and learning purposes. Would like to hear others’ views.
