AbhishekHSinghCMT
Long

Infy- looking for 1058 or 1068 & corrections on result day

NSE:INFY   INFOSYS LTD
123 2 2
Trading@1050

INFY             looks for the 5th wave up from lows@1010- likely to complete in 1058 & going beyond 1060 can kiss the zone 1067-1069 where the 5th wave travels 61.8% of the 1-3 wave distance.

Once done- we will look for correction on result day

INFY- Neckline The Saviour@1010 (Early Signs of Reversal)
Trade active: 14:51 Hrs 13th Oct2016

Trading@1055

Heading in 5th wave from the lows@1010. Results of Infy are awaited
Trade active: 15:24 Hrs 13th Oct2016

Trading@1048

Likely this 5th wave is sub dividing in its own sequence.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
shouldnt this rally from 1009 be the B wave comprising of 3 waves only?
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if it jumps beyond 1058 -it becomes 5 waves
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