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Stockmarketanalysis

INFY: BULLISH TRIANGLEUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. TRADING STRATEGY: BUY INFY: BUY NEAR 1740-45. SL: 1690. TGT: 1850/1950
NSE:INFYLong
by TradingSutra
#Nifty New High Looking at the successful completion of wave 4 at 16782, we can expect a beginning of wave 5 for a target of 19776.40. So we can expect a growth of 18.11% from the low of 4 the wave Also below level are needed to be followed on a closing basis:- Level 1:- 17450 Level 2:- 17964 Level 3:- 18597 Final Level:- 19776 Level 3 also gives a confirmation of, formation of wave 5 as it is making a new high. Please follow the resistance level and also consider them as support levels.
NSE:NIFTYLong
by Dhaval_Parekh