INFOSYS LABORATORIES Elliott Wave Analysis – Trading Lounge Day Chart
INFOSYS LABORATORIES Elliott Wave Technical Analysis
FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE: Orange wave C
POSITION: Navy blue wave B
DIRECTION NEXT LOWER DEGREES: Navy blue wave C
DETAILS: Orange wave B has likely ended; orange wave C appears underway.
The daily Elliott Wave analysis of Infosys Laboratories identifies a counter-trend movement. The current structure forms part of a corrective wave sequence, with orange wave C unfolding within the broader navy blue wave B. This scenario suggests the stock remains within a consolidation phase, not yet entering a new primary trend. The next expected move is navy blue wave C, which would continue the corrective pattern.
Technical signals point to the conclusion of orange wave B, initiating the active phase of orange wave C. This stage is commonly seen during corrections, marked by limited momentum and price overlapping. Such environments usually carry reduced directional conviction, prompting caution among traders. The chart indicates this is a counter-trend setup, typically offering short-term opportunities, but with heightened complexity.
As orange wave C develops, traders should monitor for structural completion signs, potentially signaling a re-engagement with the primary market trend. The ongoing corrective behavior aligns with typical Elliott Wave patterns, offering insights into Infosys Laboratories' near-term outlook. While trading opportunities may emerge, staying cautious is critical given the erratic nature of corrective wave movements.
This analysis delivers a focused view on the current Infosys Laboratories market condition, highlighting strategic considerations during wave transitions. The Elliott Wave framework enhances understanding of counter-trend setups and assists in planning for trend resumption following the correction.
INFOSYS LABORATORIES Elliott Wave Analysis – Trading Lounge Weekly Chart
INFOSYS LABORATORIES Elliott Wave Technical Analysis
FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE: Navy blue wave B
POSITION: Gray wave 2
DIRECTION NEXT LOWER DEGREES: Navy blue wave C
DETAILS: Navy blue wave A has likely completed; navy blue wave B appears to be progressing.
The weekly Elliott Wave chart for Infosys Laboratories supports a longer-term corrective phase, structured as navy blue wave B within an overarching wave framework. Currently situated in gray wave 2, the analysis reflects a typical counter-trend correction. Following this, the emergence of navy blue wave C is anticipated, continuing the macro corrective sequence.
Analysis confirms that navy blue wave A has likely wrapped up, giving rise to the ongoing development of navy blue wave B. This kind of formation signifies a temporary deviation from the dominant market trend. The weekly timeframe adds depth and reduces noise from short-term price volatility, making this structure particularly relevant for swing traders and long-term investors.
Given the corrective nature of this pattern, traders should expect inconsistent price action, often reflected through overlapping waves. Momentum may remain subdued, reinforcing the necessity for cautious trade execution. As wave B sets up, attention shifts to its conclusion, which would signal the start of wave C—a key phase in the unfolding correction.
Market participants should stay alert for cues signaling the end of navy blue wave B, a precursor to the next significant movement. This broader context is critical for evaluating both medium- and long-term market behavior, helping traders align strategies with expected trend continuations.
The Elliott Wave structure for Infosys Laboratories provides a comprehensive view of its market cycle. From short-term pullbacks to longer corrections, this technical model supports traders with a roadmap for navigating volatility and identifying trend resumption opportunities.
Technical Analyst: Malik Awais
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