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Niftydirection
Mar 12, 2022 3:24 PM

Infosys 400 Points Crack Ahead Wave C about to start Short

INFOSYS LTDNSE

Description

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

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The stock and its levels discussed are solely the personal views of my research.
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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.
Comments
theforlornson
This is just beautiful. TA at its best. COngrats Sir :))
SwingJarvis
its bullish megaphone pattern, you are wrong.
Niftydirection
@SwingJarvis, Good luck with megaphone ;)
SwingJarvis
@Niftydirection, You don't even know the trend line rules you posting the chart with trend line you will fail see megaphone is working.
Niftydirection
@SwingJarvis, All the very best sir ;)
Niftydirection
@SwingJarvis, am i right or wrong now?
starttrade2020
@Niftydirection, SwingJarvis will be in coma now :)
rrajesh145
@Niftydirection,Kudos to your analysis :-) @SwingJarvis's may be trying hard to blow his megaphone to prove at least he is right ;-)
jatin288
Excellent prediction. Helped me a lot. Thanks again
ak964051
sir what is wave c.. and how can i plot this on my chart
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