INFOSYS LTDLong
Infy elliotwave analysis, ready to create new high?
Updated
DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis.
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On small time frame of 15 min plotted impulse wave from swing low.
Currently in Wave 4 triangle correction and looks ready for breakout with green Marubozu formed in 2nd last candle.
Targets any of these 1031-1037(in case of wave 5 truncation), 1050
case 1: Weakness in global markets can invite for gap fill 1006 and good support at 1004 which is entry opportunity with 997 SL.
Case 2: Gap up opening and sustainance above 1027 will confirm bullish bias
Case 3: Gap down and violation of 997 this becomes analysis will be invalid
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis.
-------(((((LIKE & Donate Coins to support my analysis)))))-------
On small time frame of 15 min plotted impulse wave from swing low.
Currently in Wave 4 triangle correction and looks ready for breakout with green Marubozu formed in 2nd last candle.
Targets any of these 1031-1037(in case of wave 5 truncation), 1050
case 1: Weakness in global markets can invite for gap fill 1006 and good support at 1004 which is entry opportunity with 997 SL.
Case 2: Gap up opening and sustainance above 1027 will confirm bullish bias
Case 3: Gap down and violation of 997 this becomes analysis will be invalid
Trade closed: target reached
1054 high
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