Charting Market with Elliott Wave and Classic Technical Analysis
Aim to reach a point where I can say: "When there is an opportunity, I do not hit. It hits all by itself."
Saturday, January 1, 2011
INFOSYS LONG TERM
Infosys the poster boy / bellwether for the Indian IT is rocking since the day of its start of trading the stock is crazily running. Based on split bonus adjusted data, the stock was ~Rs. 1 in 1991 and is now 3443. Me think Infosys is in Primary wave 5 of Cycle wave 1.
A detailed wave structure suggests the infosys can even reach 3600.
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students