Proposed Triangle - Wave 3 was a shocking wave for the financial community & could be the bottom for months & years to come ahead & can we have truncated Wave 5 ?
Not a trading advise. Please consult a financial adviser before taking any trades
LT has been trading in the Price Action Value Area referred before in the linked idea.
It's showing the Elliot Traingular Bullish Consolidation
It may be a good idea to enter long positions
As seen in charts TRIANGULAR BREAKOUT given by the INFOSYS,1hr chart.
one can BUY(LONG) @ 714.55 With Target of 759.6 & would be SL of 684 (hourly closing).
Which brings 1:1.5 Risk Reward Ratio.
Its a swing trade after breakout of the triangular pattern on daily chart it is coming back for retesting keep sl and target as shown in chart and trail it on every target.
