Infosys recently made high near 1845 and got rejected from 0.618 Fibonacci.
The recovery it made from recent low 1665 was Flat abc(pink colour) correction where b was exactly touching start of a then wave c retraced up to 1.382 Fibonacci extension near 1845
On Larger degree correction not over yet and looks to be ABC zig zag correction which can take Infy towards 1445 which 1.382 extension in the form of five impulse waves as shown in chart. This expected within 1 month.
Analysis invalidation level its all time high of 1954
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
Disclosure: I have Infosys 2 lots 1600pe @9 of Mar Expiry so my analysis can be biased. Do your your own study before taking blind trades.
The recovery it made from recent low 1665 was Flat abc(pink colour) correction where b was exactly touching start of a then wave c retraced up to 1.382 Fibonacci extension near 1845
On Larger degree correction not over yet and looks to be ABC zig zag correction which can take Infy towards 1445 which 1.382 extension in the form of five impulse waves as shown in chart. This expected within 1 month.
Analysis invalidation level its all time high of 1954
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
Disclosure: I have Infosys 2 lots 1600pe @9 of Mar Expiry so my analysis can be biased. Do your your own study before taking blind trades.
