AbhishekHSinghCMT

Bharati- Missed The Double Bottom-Look for Triple Bottom

Long
AbhishekHSinghCMT Updated   
NSE:BHARTIARTL   BHARTI AIRTEL LTD
9
In the previous updates it was mentioned- gap of 312-314 is important. Going below the gap- bears will come into the picture. Likely, Bharati got a hit till what levels- can you imagine 283 & what is 283- it was close to earlier low @282.30 & short term buying opportunity- how can you miss that opportunity- double bottom .

What next?
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?

Comment: 23:15 Hrs 20th Nov2016

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.
Trade active: 10:32 Hrs 22nd Nov2016

Last Price@298

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.
Trade active: 14:34 Hrs 28th Nov2016

Last Price@319

Likely the move has started - look the size of the candle today from 301 to 319- Amazing.
Trade active: 13:32 Hrs 30th Nov2016

Last Price@325

Beautiful look in monthly chart - with double bottom at 282-283 zone


Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
(Deleted)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.