Infy Attempts Breakout After Rebounding from Key Fibonacci Suppo

Topic Statement:
Infosys is showing signs of a steady recovery after a deep correction, though key resistance levels still challenge the upward momentum.

Key Points:
The stock found strong support at the 50% Fibonacci retracement during the recent correction, indicating solid buying interest at lower levels.
As the price recovers, the 23.6% Fibonacci level is acting as resistance, slowing the upward move.
Trading just above the 180-day EMA, Infosys remains technically oversold, hinting at continued recovery potential if resistance is breached.