BhartiAirtel - Let Market Prove Me Wrong

7 Sep 2016

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