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
#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
#CNXIT https://t.co/bJeKTMoCji

The current formation might look like a falling wedge, but the way moving averages are placed, it looks like a falling wedge which can lead to a parabolic downmove for the marked target. #CNXIT pic.twitter.com/GmXOI3HmUN
— Aakash Gangwar (@akashgngwr823) May 10, 2022
#CNXIT
Watching the marked zone to be tested. If it doesn't cross it, then most probably a parabolic downmove towards 24k. That would lead to even large caps cracking just like Small and Midcaps. #CNXIT https://t.co/FxbzP5vlBr pic.twitter.com/FSqcSqTQM9
— Aakash Gangwar (@akashgngwr823) June 21, 2022
More from Infylongterm
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