Infosys wave analysis reveals that 5 waves of (A) and 3 waves of (B) have already completed, and the current focus is on wave (C). As of now, waves 1, 2, and 3 of (C) are completed, while wave 4 of (C) is currently in progress.
i think in wave analysis there should be swing high should be greater than last swing high and if down side there should be wing low should low from previous swing low this chart is seems like long range consolidation, Infosys may fil the gap if price sustain above gap down first candle high
imkhushal
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@ProfitPicks, wave 4 normally does 23-38% retracement, if gap is to be filled the stock may further go till 50% retracement...!