Bullish momentum has started in Bhartiartl from 9th April which has touched the ceiling at 569. This zone is a "MAKE OR BREAK" zone as we can see in a monthly chart that it has touched the upper trend line and in this zone, we can see either of 2 things:
a. This time it will break the upper trend and make an all-time high. A bullish trader who also thinks in this same line, with a strict stop loss of 501.35 stays in this trend. But most likely it has a low probability set up and we might see the second condition below.
b. It will take a reverse gear and make support at 447.65 by 7th September & then take a ride towards an upward direction.
a. This time it will break the upper trend and make an all-time high. A bullish trader who also thinks in this same line, with a strict stop loss of 501.35 stays in this trend. But most likely it has a low probability set up and we might see the second condition below.
b. It will take a reverse gear and make support at 447.65 by 7th September & then take a ride towards an upward direction.
Comment:
As we predicted the second case, it fell approx 3%
Comment:
I got many queries where people have taken a long position in Bhartiartl. For them hold the position with a very strict stop loss of 520.30. If this level breaks then we might see a level of 447.65-431.25