Infy - Elliott Wave Analysis

by Dean Market Profile on Thursday, April 05, 2012 in Infy, Stocks

Infy is moving sideways in a range of 3000 - 2550. But the internal wave structure of this consolidation lends itself to a typical wave count. Infy completed wave I in late October, the it formed a flat correction in wave II. Since the end of wave II we can count a clear 5 wave structure which I have labeled wave [1]. The resistance level has been tested twice so far, but this time I feel the roof of 3000 wont hold the prices down. This time the breakout will be for real.

About Dean Market Profile
Dean is a fulltime trader for last 13 years. He is passionate about technical analysis. His instruments of choice are Nifty and banknifty futures and options. His main analysis and trading tools include advanced techniques like Market Profile, Voilume Spread Analysis and Order FLow Analysis. Dean is a teacher at heart and loves sharing his learnings with committed traders. You can check out his courses here...

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Thursday, April 05, 2012

Infy - Elliott Wave Analysis

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