INFOSYS IS SELL FOR TARGETS OF 590-550.
REASONS:
1. IT IS AT A UPPER DIAGONAL OF A RISING WEDGE (BEARISH PATTERN).
2. 5TH WAVE OF DOMINANT WAVE IS COMPLETED. NOW CORRECTIVE WAVES WILL START.
STOPLOSS: "ABOVE SWING HIGH OR AS PER RISK BEARING CAPACITY"
REASONS:
1. IT IS AT A UPPER DIAGONAL OF A RISING WEDGE (BEARISH PATTERN).
2. 5TH WAVE OF DOMINANT WAVE IS COMPLETED. NOW CORRECTIVE WAVES WILL START.
STOPLOSS: "ABOVE SWING HIGH OR AS PER RISK BEARING CAPACITY"