INFY :Programming for Rise Up

🚀 Infosys Ltd.? 📈


[u]Technical Analysis[/u]

1. Wave Count: The chart identifies five waves labeled 1 through 5. Current price action suggests the completion of Wave 4 and the beginning of Wave 5.
   
   Wave 1: Starts from the bottom left and peaks around November 11.
   Wave 2: Corrective wave ending around November 18.
   Wave 3: Strong upward wave peaking around December 16.
   Wave 4: Corrective wave in progress, retracement zone: ₹1899-₹1940.
   Wave 5: Projected upward move towards the target zone: ₹2018-₹2032.
   
2. Corrective Waves: The intermediary correction (Wave C) is expected to complete within the highlighted yellow zone.
   
   
3. Target Zone: The target zone for Wave 5 is ₹2018-₹2032.
   
   
4. Stop Loss: Place at ₹1890 based on Wave 4's failure.
   
   
5. Volume: Volume at 2.3M (bottom right of the chart).
   

[u]Trading Plan[/u]

1. Entry Point: Enter long as Wave 4 completes and Wave 5 begins, ideally near the Wave C completion zone.
   
   
2. Target: Aim for ₹2018-₹2032.
   
   
3. Stop Loss: Place a stop loss at ₹1890 to manage risk.
   

[u]Disclaimer[/u]

This analysis is for informational purposes only and should not be considered financial advice. Trading stocks, options, and other financial instruments involves risk and may not be suitable for all investors. Always conduct your research and consult with a licensed financial advisor before making investment decisions.

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