Infosys is in Zig zag correction after making top near 1955. The Rally from covid low ends in 5 waves near 1955.
Currently in Wave C which can head up to 1073 and worst case 700 which is 1.618 extension. Analysis invalidation level will be 1620.
The LAST Time we analyzed it, moved as per chart
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)))))-------------------------------
So the fall 📉has just started.There are many stocks which will have a more correction Reliance, TCS, COFORGE & others. Accurate analysis 👌 Expecting to reach at 1000-950 levels
Niftydirection
⋅
@imsohaibofficial, thank you
Kapil-Mittal
⋅
Overall, this analysis suggests that Infosys may experience some fluctuations in the near future, which could potentially lead to both profit and loss-making opportunities.
DevabratAcharya
⋅
Your insight and analysis are impressive and demonstrate a keen understanding of the market. Keep up the excellent work!
aktradelearning
⋅
skumar.min
⋅
it clearly showing HS pattern breakout 1350 below and 1185 was tgt achieved
kedarparte
⋅
INFY is touching point 4. Likely reversal line. Lets see next week. US Debt ceiling decision will be key.
This publication has been chosen for the Editor's Picks and will feature on the page in.tradingview.com/ideas/editors-picks/.
Thank you for your valuable contribution to the TradingView community and keep up the good work!