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.
don't forget to like my post. follow me to get updates

join my free telegram channel for eod updates. t.me/bijoy2526
connect with me for intraday and swing trading.whatsapp 9407981319.Want to learn elliot wave ? join me.



,
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.