If you missed double bottom- if at all market gives a chance close to 280-285 -holding above that could be another buying opportunity in the form of triple bottom- won't you be interested?
Likely close to a bottom in Nifty- may be small downside move, but likely all chances of pushing up to 8500-8600 -obviously it won't go straight -most likely in ABC pattern - making happy new year 2017 & get hammered most likely- well early to say- let us wait & see what the market wants.
If Nifty pushes up, then most likely Bharati gets done with it missing E-leg & start downside move.
As suggested, If given a chance to buy above 280-283 which has swing low D-point at 282.30 holding that zone -we are still open for E-leg upside.
Market never gives chance again & again- an active trader should have picked when Bharati was turning from that zone forming a double bottom.
One will be lucky if you get triple bottom, but if goes below D-leg whole structure gets spoiled.
Likely the move has started - look the size of the candle today from 301 to 319- Amazing.
Beautiful look in monthly chart - with double bottom at 282-283 zone
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ