Today, TCS gave a breakout after years of consolidation, will the things are looking positive for the IT industry ( As per some Management commentary)
I have counted Waves for INFY on the daily chart. I think we are in 5 wave & INFY can rally from here. There is a breakout on the chart, thus you should keep your stop loss tight.
Probably this 1070 should be our next target.
915 should act as strong support.
I have also shown the RS indicator (Benchmarked to Nifty IT)
I have counted Waves for INFY on the daily chart. I think we are in 5 wave & INFY can rally from here. There is a breakout on the chart, thus you should keep your stop loss tight.
Probably this 1070 should be our next target.
915 should act as strong support.
I have also shown the RS indicator (Benchmarked to Nifty IT)
Trade closed: target reached