Get started
kvsrinie

Expect a short term W4 correction followed by a W5 breakout

Long
BHARTI AIRTEL LTD (NSE:BHARTIARTL)  
kvsrinie Updated   
NSE:BHARTIARTL   BHARTI AIRTEL LTD
Chart Patterns Wave Analysis
2
5
chartpattern waveanalysis
Airtel has hit the natural 161.8% extension of Wave 1. Now, I expect a wave 4 correction to 667 or 651 (note that wave 2 did a 50% correction too!). Long term target of 750+
Comment:
Stock hit a ATH of 753 and corrected sharply. Right now, it is bouncing off the 38.2% fib level. Need to keep an eye on this to see where wave 5 can start
Comment:
50% correction now is 668. The stock hasn't tested 50-100-200 emas since July. It might have to consolidate here for a while before starting wave 5
Comment:
Stock bounced from the 50% correction, but I think this might retest 50d ema again and then fly back. For now, wave 5 seems to be in
Comment:
Stock might do a A-B-C correction to 648.5(61.8% fib retracement) & bounce from there
Comment:
Stock bounced from the 50% retracement level. Will test ATh soon
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.