As explained on chart.
Would suggest a staggered investing method for portfolio addition and Swing trades.
Long Entry price 180-185
SL Lifetime Low 177
Target Open! Swing traders can exit at Targets 200-210
I personally feel that the budget on Saturday is going to give a nice boost to energy stocks and such infrastructure/power driven stocks. Starting Addition...
This 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
Bull are strong above 30k bank nifty if break flag formation can head towards 30,300 -> 30,500 -> 30,3700 -> 30,900 -> 31k +++
Bears are strong Below 29500 BN can go till 29000 -> 29800 then bounce back
ichimoku cloud is green for TCS . In addition, TCS has shown bullishness with high volumes in last 3 sessions. Long build up is also observed in open interest. PCR is 1.24 indicating bullish movement in coming days.
Buying Ripple now with less risk now will get more reward in future - BEST LONG TERM INVESTMENT
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It will going to test it on April 18 which influences the chance of more bullish driving forces hereafter
A chance of price will go more than 10$ with in a year