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INFY - Risk Reward is good for Shorting for 1600
Atualizado
INFY - CMP 1864
I see multiple signals for shorting this script.
1. The 5 wave seems to have ended at 1991.45 from April 2023 low of 1185.3.
1.1. After the 5 wave impulse rise, the price has completed one impulse wave down for A wave on the downside (this to had 5 waves on the downside).. and a FAST rise to 0.618% to complete the B wave.. Now, I am EXPECTING that the C will start, that will have 5 subwaves and it will likely end at 1600 odd levels.. Here is the chart
2. H&S Formation
3. halting at the 0.618% Fib retracement level. If it falls from here, then Bullish AB=CD pattern will come in to play
here is the link to the chart
If you closely observe, it has also broken the swing low of 1718.55 (6th Aug 2024) on 4th Nov (low made on 4th Nov was 1718)
Finally, I have reasons to believe that INFY has completed it's 5 wave impulse on Monthly TF as well.. But awaiting confirmation for the same.. Here is the chart with counts on MONTHLY TF
I am not a SEBI Registered Analyst. Please consult your Financial Advisor for investment decisions
I see multiple signals for shorting this script.
1. The 5 wave seems to have ended at 1991.45 from April 2023 low of 1185.3.
1.1. After the 5 wave impulse rise, the price has completed one impulse wave down for A wave on the downside (this to had 5 waves on the downside).. and a FAST rise to 0.618% to complete the B wave.. Now, I am EXPECTING that the C will start, that will have 5 subwaves and it will likely end at 1600 odd levels.. Here is the chart
2. H&S Formation
3. halting at the 0.618% Fib retracement level. If it falls from here, then Bullish AB=CD pattern will come in to play
here is the link to the chart
If you closely observe, it has also broken the swing low of 1718.55 (6th Aug 2024) on 4th Nov (low made on 4th Nov was 1718)
Finally, I have reasons to believe that INFY has completed it's 5 wave impulse on Monthly TF as well.. But awaiting confirmation for the same.. Here is the chart with counts on MONTHLY TF
I am not a SEBI Registered Analyst. Please consult your Financial Advisor for investment decisions
Trade ativo
1865 to 1810 so far.. not bad.. another 200 points of cut by 3rd Dec? Lets wait and watch
Trade fechado: stop atingido
Price went above the swing high. SL Hit. View closed
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Aviso legal
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