rJ68263746

INFRATEL (NSE) - Sell set up - Elliott wave analysis

NSE:INFRATEL   None
Infratel - It is in very choppy within 4 hr time frame with down sloping price action and under-perforing the Nifty since long. So it is good sell candidate in small bounce of B wave for C down within ABC zigzag cycle. It may even extend the losses for bigger (Y) wave down, but need more confirmation. sell near 188-86 zone with stop loss above 195.05 for target zone below 174 or lower.

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