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Infosys

8 Sep 202006:36 AM

Infosys is trading a little below the 20dma of 946 and the daily momentum is attempting to cross over to the buy side. A higher close would be positive near term. The stock consolidated in wave 4 that could be completing. Note that wav 2 was looking like a running triangle, rare cause triangles are not to form in wave 2, but that is the guideline and not the rule. Wave 4 looks like a z-g-zag or a complex pattern but in a small retracement. If wave 5=1 then we get a level of 1212.

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