Trade Idea For INFOSYS, Bears come let's Cheer! ;) Part 2This is the macro view of INFOSYS with Elliott Wave
Even If we look at Macro view of INFOSYS using Elliott wave we have already completed the 5th wave.
Right now we are moving in B wave and then C wave is yet to come to near 516-521 level, lets see if we move there in long term or not
Infyshort
Trade Idea For INFOSYS, Bears come let's Cheer! ;)NSE:INFY
Hello Traders! :)
Here's a Trade Idea Forecast for INFOSYS
I have been bearish on INFOSYS from the past few months when it broke that trendline .
Now as per the current scenario INFOSYS is moving to a rejection with bearish price action , So i am expecting it to get rejected from that level i have mentioned in the chart which is around 758-760.
After that if we Daily close below 719 then it will be a confirmed scenario that we will go down till 680-620 level.
The only case INFOSYS will become bullish is if it manages to close well above 824 level till then bears are in favor!
In the Chart i have mentioned the levels which you can look upon for getting into the trade.
Disclaimer:- This analysis is my point of view, We are not responsible for any loss occur to you while following this idea.
As this is not a financial advice so DYOR.
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