INFY is churning around its 30-week moving average with a negative slope, a classic Stage 3 topping consolidation after a 47% deep base and a 36% decline from its 52-week high. The market is focused on the faulty deep base, which carries an elevated failure rate and shows no VCP contraction or volume dry-up, with the trend template passing only 1 of 8 checks. Overall sentiment is bearish and defensive, with the stock well below its 150-day and 200-day averages and no valid breakout setup in place.
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