INFY elliottwave analysis

Taking further from old post on IT stocks .

Lets see structure of INFY.

The present structure shows multiple counts .We had an abc finished near 680 levels and from there

we could be trading in a triangle or a new abc need a day or 2 more price move to zero in on popular 

count .Would revist this soon.

ESCORTS UPDATE

The escorts pattern is opening up.Look at the old post Escorts elliottwave .

Lets see the present structure.

B wave probably unfolding into wxy ,y wave unfolding which has potential to do 750-760.

Lets see how the price moves in coming days.

Escorts elliottwave analysis

Lets look at wave structure of escorts.

Lets have larger time frame first.

Larger time frame shows 123 is finished and 4th is on.Lets see the lower time frame to see 4th unfolding wave structure.

The above chart gives hint of  WXY unfolding its trading in a parallel channel. WX is finished Y is unfolding with a already done and b underway .b is usually notorious plays around for some time before giving up not to forget it catched lot of traders on wrong foot .Look for shorting opportunity in coming days in this in rallies.This wave structure fails if stock crosses above parallel channel.

mindtree elliottwave analysis

Friends,

               Lets look at wave structure of mind tree ,First always look at bigger time frame to figure out bigger wave and later check on smaller time frame to figure out entry exit in case a trading or investing opportunity arises looking at larger time frame.

The monthly wave counts show clear 5 up. According to this study this stock would underperform for quite some time ,This validates what we saw in IT INDEX ELLIOTTWAVE ANALYSIS .

Lets check now smaller time frame .

From 5th high we can count abc followed by X wave and again a down fall probable WXY pattern unfolding .A rectracement rise would be a welcome move for berars to hit for lower levels next few 

days move can give good entery point lets see how the stock behaves in next week.