I made the call for a Long term top for many years on Infosys so it clearly deserves an update. Especially as this week it broke below the Long term wedge formation that was 10 years in forming. This was the application of the Value Wave principle where the long term 5th wave of a stock is accompanied by weakening data. What makes this interesting is that Infosys broke down from a smaller wedge Inside wave E of the wedge earlier this year. From there I am trying to mark it as an Impulse. The bear market in Infosys should end in A-B-C. With both the wedges broken, the recent one at 977, prices should usually face stiff resistance at the breakdown level. The most significant support is near the wave D low which is near 550. This view is most relevant to Long term investors as this is a Long term chart and the pattern implications are for years to come.