- April 12, 2013
- Posted by: Ramki Ramakrishnan
- Category: Indian Stocks Trading
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.