Friday, April 13, 2012

Infy - Elliott Wave Analysis

Infosys has tanked following bad results. On a larger time frame we can see a zigzag correction taking shape. Infy has been falling hard on last few results days. Today to it continued the tradition. The 61.8% retracement comes around 2000 levels for Infy, thats a good 400 points below from current levels. Also Nifty may be falling in the last leg of correction, this last leg of the fall will be led by It stocks it seems. But as night is followed by day, corrections are followed by impulses. Just wait patiently for these corrections to end and then enter into the next impulse with conviction. Your patience will be rewarded.

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