bijoy2526

INFY how I decided last night to short it this morning

NSE:INFY   INFOSYS LTD
I checked the chart of infy last night.
found it making double top and stochiastic in over bought condition in daily time frame.
just checked the wave structure of infy
which appeared to be might be in the towards the end of third wave of this rally.
drew a pitch fork in hourly time frame and found it is respecting upper median line of
the pitch fork.
decided to short it when it opened at around 1393 in the preopening session.
and the result is in the chart it has given a nice pull back.
before last quarterly result too infy had behaved in the similar way.
this time infy not only violated lower median line but also two parallel extensions of it
in a single day.
please go through my previous successful posts of infy posted earlier.
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Comments

2 Lower High is formed(1406 & 1382) Can we short if it breaks 1310 & 1300 Might it confirm a down trend for short term ?
Reply
what ur view on mphasis sir
Reply
What about tomorrow INFY ?
Reply
bijoy2526 sadranipankaj
@sadranipankaj, correction has just started. premature to say correction is over.
Reply
wave 4 correction can go up to approx what range sir to buy for long term ?
Reply
bijoy2526 kamathsanusha
@kamathsanusha, let the correction gets over.
Reply
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