Thursday, October 22, 2015

Hope of recovery for infosys by Akash Mittal

Shown above is the daily chart of Infosys. The stock had completed an expanded A-B-C correction, after which the stock had shown some signs of strength and witnessed a 5 wave move on the upside. Now the stock has entered again in an A-B-C corrective pattern which seems to get completed at levels of around 1060-1070. If the stock ables to hold levels of 1060-1070 we can expect the stock to give an upward rally breaching its highs.