The ultimate target is marked and beware of this type of falling wedge. This has a higher probability of triggering a parabolic downmove rather than a reversal.
#Infy

More from Aakash Gangwar
Still having the same view. Will update if there is any change. Falling trendline breakout doesn't work that way in a bear market the way it works in a bull market. Updating your methods according to the market is the key.
#nifty50 https://t.co/64ZktWHQev
#nifty50 https://t.co/64ZktWHQev

This is the maximum upside for now, post that I am looking for an 8-9% fall in index.#nifty50 pic.twitter.com/BcSOiwWuBs
— Aakash Gangwar (@akashgngwr823) June 24, 2022
One of the best risk reward long setups coming soon in IT sector. Let's time the bottom this time. Expecting a minimum of 5k-6k pts rally in Nifty IT after hitting the zone of 26.5k-27k
#CNXIT
#CNXIT
Parabolic move has been triggered. Let's have 27k. That could be the buying zone for IT names. #CNXIT https://t.co/bJeKTMoCji pic.twitter.com/ab6w1mysz0
— Aakash Gangwar (@akashgngwr823) May 19, 2022
Couldn't capitalise the initial move. Only few trades even though I was pretty sure about it. That's trading for you my dear friends 😅
#CNXIT
#CNXIT
Almost there. Be prepared to see 33k again in Nifty IT. Only for swing trades, no investment here. #CNXIT https://t.co/RMAsQweoFY pic.twitter.com/BmKD7g6Q8i
— Aakash Gangwar (@akashgngwr823) May 25, 2022
More from Infylongterm
1.6x PEG on forward PE is not cheap for most stocks but this is Infy...Pristine quality.
Infosys PEG ratio (1-year fwd PE/EPS growth) down to 1.4x from a peak of 2.7x as PE cut by 27% & EPS growth cut by 5% - trades at 23.3x PE for 11% FY23 growth. If this is a mid-cycle correction, its done BUT if this is the great valuation reset - more fall coming
— ThirdSide (@_ThirdSide_) May 25, 2022
Place your bets pic.twitter.com/9ZlaLDcxPZ