BHARTIARTL is trading near the 9 months trendline as well as near the support level. A positive breakout with good volume, is an indication of potential upmove. However, if it cant take support at these levels, it may break the trend line to go further.
Cheers! Feel free to share your view about this. Please do your analysis before trading/Investing.
@devarajaraju that depends on you, if you can take risk you can enter at the current levels, if not you can wait for one bullish candle (a green candle of considerable price movement with more than average volume) for the confirmation.
challursreepathi
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Is it Elliot wave
challursreepathi
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Yes your analysis is correct.nice work out
jayaprakash99
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@challursreepathi Thank you. I am not sure whether that is Elliott wave or not though 🙂