BHARTIARTL

Wave Count in weekly time frame.

BHARTIARTL

9th Dec


Wave count on weekly chart.
Stock seems to be in 
SC 3
Cycle 3
Primary 1 doing 5 wave Leading diagonal pattern and now near end of wave 'd' 

Stock should complete the count of Leading Diagonal pattern near golden cross. This is spending all the time in the world under the Golden Cross which is a typical trait of a languishing stock.

An alternate count of the Leading Diagonal would be to consider the moves as nested moves also called as 1-2 moves but clarity on this would come only above Golden Cross.

Hopefully the stock would be able to go past that level in short term. But for now that remains the strong bear level to watch.

4th Jun

Long trade between 350-354
Target 365-368.
Stop below 349

30 Min Chart

Possible counter trend rally.
Ready for a bounce to 330 which can extend to 336 later.

Hourly

Long Term count in weekly chart.
Terminal Wave 'C' down pending and should play out now.

BHARTIARTL - Weekly View

19th Mar

#BHARTIARTL pic.twitter.com/tChdryziKr
— EWite (@Stocktechy) March 11, 2014

UPDATE
28th Feb
Correction of this phase seems over and a tradeable bounce is on card.
Trade LONG.

Expect BHARTIARTL to top ~320
and start downward journey to below 300.
Trading plan Long till 320
Short ~320
Target ~300
Stop above 325
Some people would prefer to short below 307.

10th Feb
Note : Target revised to 296.