UNDERDOG-29

POSSIBLE RUNNING /EXPANDED FLAT

NSE:INFY   INFOSYS LTD
POSSIBILITY OF WAVE Y IN PROGRESSION.

SUB WAVE C OF WAVE X HAS NOT CLOSED ABOVE 161.8% EXTENSION OF WAVE A IN CONNECTOR WAVE X
.
INVALIDATION WILL OCCUR IF PRICE CLOSES ABOVE 1410 ON DAILY TF,WHICH WILL RESULT IN CHANGING THE ENTIRE LABELING OF CORRECTION TO ABC FROM WXY.

IF HOLDING LONG THEN ONCE SHOULD LOOK TO EXIT BETWEEN 1360-1370 AND WAIT TILL 1244(IN CASE OF RUNNING FLAT,100% EXTENSION OF WAVE W) AND 1144(IN CASE OF EXPANDED FLAT,161.8% EXTENSION OF WAVE W).

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