found it making 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 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 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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