Thursday, June 12, 2014

Infy nearing breakout

Hi friends,
                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.
Infy nearing breakout
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.
Infy nearing breakout
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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