SBI: Flying with the Elliott Wave SBI made the bullish Elliott wave on the time frame. And completed 4 waves. The 5th wave and ABC correction are remaining. The expected completion of the 5th wave is 295.35 , and it is 61.8% of 1+3.
So, it has to cross 283.30 - 290 .10 to reach 295.35 . And if the trend crosses this, too.
After that, it will fall for a short time to make the A of the ABC correction. And the targets are the following 290 - 280 .
Nsesignals
Trade Idea For INFOSYS, Bears come let's Cheer! ;) Part 3These are the two Major trendlines which has a lot of significance for INFOSYS , a test to that trendline is possible in longer term and then a major bull cycle will come ahead. If INFOSYS goes for a complex correction over the period of time then that white bold is where C wave can have rest for further trend reversal.
The Dotted Trend line is where C wave can end if the overall market sentiments stays intact with bulls and growth in IT Sector.
As INFOSYS is a GIANT in IT sector, So expecting the C wave at the white bold line will be like dooms days are coming for them.
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