INFOSYS Elliott Wave Analysis – Trading Lounge Daily Chart
INFOSYS Elliott Wave Technical Analysis
FUNCTION: Bearish Trend
MODE: Impulsive
STRUCTURE: Gray Wave 3
POSITION: Orange Wave 3
DIRECTION NEXT HIGHER DEGREES: Gray Wave 4
DETAILS: Gray Wave 2 appears complete; Gray Wave 3 is now developing.
Wave Cancel Invalid Level: 1788.76
The daily Elliott Wave analysis for INFOSYS indicates a prevailing bearish trend, with the market moving in an impulsive pattern. The spotlight is on gray wave 3, unfolding within the broader structure of orange wave 3, suggesting increasing downside momentum.
Technical signals support the view that gray wave 2 has ended its corrective cycle, with gray wave 3 now in progress. This phase is typically the strongest in Elliott Wave formations and often signals an acceleration in price decline, reinforcing the short-term bearish outlook for INFOSYS.
The invalidation level stands at 1788.76. Any price move above this point would negate the current wave count, prompting a revised analysis. The daily timeframe enables traders to track this impulsive sequence within the broader wave pattern clearly.
Upon completing gray wave 3, a retracement phase is expected in gray wave 4, potentially followed by further downside action in gray wave 5. This highlights the value of recognizing wave hierarchies when evaluating opportunities in trending markets. Gray wave 3 not only aligns with the broader bearish structure but also presents actionable setups for traders.
Traders should monitor for third wave characteristics—such as high momentum and steep price movements. The present configuration supports short positions, with stop-loss placements guided by the invalidation level to maintain disciplined risk management.
This Elliott Wave daily review provides tactical insights for those trading INFOSYS, leveraging clear chart structure to optimize entry and exit strategies within a bearish context.
INFOSYS Elliott Wave Analysis – Trading Lounge Weekly Chart
INFOSYS Elliott Wave Technical Analysis
FUNCTION: Counter Trend
MODE: Impulsive
STRUCTURE: Orange Wave 3
POSITION: Navy Blue Wave A
DIRECTION NEXT HIGHER DEGREES: Orange Wave 4
DETAILS: Orange Wave 2 appears complete; Orange Wave 3 is now underway.
Wave Cancel Invalid Level: 1838.07
The weekly Elliott Wave analysis for INFOSYS illustrates a counter-trend movement developing within an impulsive framework. The key focus is on orange wave 3, unfolding as part of the larger navy blue wave A, signaling potential medium-term opportunities within a corrective environment.
Analysis suggests that orange wave 2 has likely concluded. The stock is currently transitioning through orange wave 3, indicating a temporary rally that fits within a complex correction rather than a full trend reversal.
A move above 1838.07 would invalidate this structure and require a fresh evaluation of the wave count. The weekly chart delivers a broader perspective on the ongoing impulsive sequence, helping investors identify trend continuation zones and potential turning points.
Understanding wave relationships is critical at this stage. Orange wave 3 represents both a tactical trading opportunity and a defining element in the corrective structure of navy blue wave A. Traders should observe for increased momentum typical of third wave progressions.
The current scenario encourages thoughtful consideration of both short-term setups and broader exposure, particularly in relation to the key invalidation threshold. The weekly timeframe allows investors to strategize effectively, gaining visibility into a crucial segment of INFOSYS's technical path.
Technical Analyst: Malik Awais
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