Macd indicator shows a developing negative divergence, a factor which may be kept on the back of your mind to play a reversal in case the price reverses from the mentioned levels.
Thursday, December 24, 2009
Infosys in its 5th wave..
Infosys is moving higher in its 5th wave and making all time highs. When a scrip makes all time highs, it is difficult to put a target or resistances. The prices have overcome all the pent-up supply and moving higher due to good demand for the scrip.
Macd indicator shows a developing negative divergence, a factor which may be kept on the back of your mind to play a reversal in case the price reverses from the mentioned levels.
Macd indicator shows a developing negative divergence, a factor which may be kept on the back of your mind to play a reversal in case the price reverses from the mentioned levels.
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1 comments:
I have the same count and 2850 is potential Fibonnaci extension resistance!
If you count on monthly chart since 1998, it is also in full final 5 th wave. Wanted to confirm my count with you?
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