Infy appears to have completed a 5 wave down move in (Elliott Wave) daily chart. This could be seen as a wave 1 or wave 'a' of the overall down move.
What does this mean to us as traders?
It means an a-b-c correction to follow. The direction of this move will be upwards. This abc could be part of wave 2 or wave 'b'. in either case the direction will be upwards.
Infy daily chart:
What does this mean to us as traders?
It means an a-b-c correction to follow. The direction of this move will be upwards. This abc could be part of wave 2 or wave 'b'. in either case the direction will be upwards.
Infy daily chart:
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