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WaveTalks
Sep 7, 2016 7:40 AM

BhartiAirtel - Let Market Prove Me Wrong Long

BHARTI AIRTEL LTDNSE

Description

Since Year 2007 - Bharti Airtel from its high@592 has been falling & tracing a triangle in X- Wave of W-X-Y Pattern.

Its a monthly chart- which tell us that Bharti could first bounce in the zone 410-430 to get resistance from year long trendline A-C which can be the biggest hurdle for its current rally.

Let the market prove me wrong if it goes above C-wave High@452. 45 - Then this pattern gets washed out. Currently we shall expect an upside leg to complete the (E) -wave of the Triangle & face resistance from falling (A) -(C) trendline & there it will give us selling opportunity in coming days & months ahead.

Need to check for upside movement from current levels at respective ends before executing any ideas.

Regards,
Abhishek H. Singh, CMT
Comments
shabbirkhan926
yes my be
piptamil
Yes agreed.
starvijay151
VERY GOOD EXTREME
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