AbhishekHSinghCMT

Infosys- Bang On!-Falling Exactly from1030's - Early in Wave 4

Long
NSE:INFY   INFOSYS LTD
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7
Recap- As per expectation from last post -900 Sikka Chal Gaya! that Infosys will give us buying opportunity in the zone 975-980 which it failed to drop below 992 -key level as decided earlier & rushed to 1030 High- Bang On! As shown in the post.

From 1030 highs it dropped sharply to 986 which could be a part of wave-4 or wave -4 finished likely putting 986 as key support

Trading Strategy
Looking higher against 986 key support or if it drops to 975-980 should be used for buying once it holds & starts moving above 980

You would love to read my previous post

Infosys- 900 Sikka Chal Gaya- Falling exactly from 1030 Highs-Amazing!

Double Power- Bottoms & Trendlines- What a catch buying Infosys between 900-920
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

Hi Abhishek,

Is this the correct interpretation of your idea?
Buy at current levels of 1006 with 986 as SL or if it falls to 975-980 levels, we should buy?

Please clear the doubt
Reply
@anantindia, You should wait to get a close by entry may be in the zone 992-997 if it holds & starts moving above 1000.
Reply
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