Beginning of wave c or wave 3 of an impulse.get long
Infy has retraced upto 61.8% of leading dagonal wave 1 or wave A of an Zigzag or an new impulse.Today's low as of now is 1332 and 61.8% retracement level of wave A/1 is @ 1325 along multiple price support.If this is a start of wave C than price can go upto 1472(.618 extention of wave A/1-1566 1.1 extention of wave A/1)or till 1718 in case of wave 3 of an impulse.Get long @ cmp of 1358 with a stop loss of 1320 and tgt of 1472-1556-1718.
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I may or may not trade this analysis
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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