abhishek_sh4

Wave Count for INFY

NSE:INFY   INFOSYS LTD
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)
Trade closed: target reached

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