Elliott Wave analysis of Infosys Ltd tells us that we are currently in the C wave of a serious correction. Investors have already lost over 20% in just one day! There is more to come. However, we are approaching some short term supports, and those who have deep pockets can consider a very quick counter trend trade at the 50% retracement level.
But as always, keep your stops not too far away A safer trade will be to wait for the 61.8% level of 1975. Good luck.
P.S. This went out to members of the exclusive club earlier. One of our recent trades in the Indian market has yielded a profit of 23% already.
One of our recent trades in the Indian market has yielded a profit of 23% already.
let me guess the idea.long blue chip on indian stock . trade idea closed on 8 april.
The only indian blue chip which gave 22.2% return in last five days is Rcom.
It showed a clear 5 wave form from the low of 46.55 to 91.85 and retraced back to50.2.
if the wave 3 or wave C has started from here the 161.8 expectation is 168.8 and 100%
expectation is 95.50.
kindly discuss the hinted idea after your trade has reached its target or stoploss