Infosys Ltd- Hourly Time frame- Things may go South before North
Infy is a "Short" in the smaller i.e. Hourly/15m timeframes and undoubtedly a "Long" in higher TFs.
It seems to have completed (or about to complete) an Impulse 5 move up which is a part of wave 1 of one larger degree which is in-turn a part of wave 3 of the largest degree, if you understand what this means. (Since strangely Trading View doesn't allow you to post 2 charts together, unless you are a premium subscriber, I am unable to post the higher TF charts. You could message me, should you need a copy of the same to be emailed)
Cheers !!
Note : This view would be invalidated if the price crosses 1330 (61.8% ret) with force.
It seems to have completed (or about to complete) an Impulse 5 move up which is a part of wave 1 of one larger degree which is in-turn a part of wave 3 of the largest degree, if you understand what this means. (Since strangely Trading View doesn't allow you to post 2 charts together, unless you are a premium subscriber, I am unable to post the higher TF charts. You could message me, should you need a copy of the same to be emailed)
Cheers !!
Note : This view would be invalidated if the price crosses 1330 (61.8% ret) with force.
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Folks,
We've set course into the right trajectory, at a timing which couldn't have been more right.
This is the power of analyzing the markets correctly !!
You must also look at my other analysis of Nifty, Maruti, Adani, Bata etc. to appreciate that there is a Method in the Madness !
Please don't forget to 'Like' the posts or a word of encouragement would be fulfilling too, for the hours of research that I put in before I publish any of my work :)
Enjoy... Cheers!!
We've set course into the right trajectory, at a timing which couldn't have been more right.
This is the power of analyzing the markets correctly !!
You must also look at my other analysis of Nifty, Maruti, Adani, Bata etc. to appreciate that there is a Method in the Madness !
Please don't forget to 'Like' the posts or a word of encouragement would be fulfilling too, for the hours of research that I put in before I publish any of my work :)
Enjoy... Cheers!!