Hi friends,
Regards
Rish
Was looking at infy chart been following it for sometime
according to wave principle it looks poised for a nice breakout towards
all time high.Let me put the chart to show the bigger picture.
From the chart we can see
abc is finished and d is running
and c=1.6(a) alomost.
Interesting equation ,Lets look
at the structure of d to figure
out the internal wave structure.
Looking at the hourly chart to figure out the internal wave counts.
From the chart we can see
abc structure forming in d leg
with a being an impulse and
b being a expanding triangle
and c turning out to be a
broadening slanting ending
with e leg running .Its a ending
pattern which usually is seen near
tops and bottoms,Here its seen
in c wave in correction ,So infy is a
nice stock to have in ones portfolio in each dip or for a trader its a clear buy above b ie 3340.
Keep close eye on this stock this has potential to scale 4000 + in e leg at least.
Regards
Rish
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