Elliot Wave Analysis of Bharti Airtel
Aggiornato
The price moving in rising wedge and adhering to Elliot Wave rule.
Impulse wave (i) - from level Rs 248.70 to Rs 561.55
Correction wave (ii) - price retrenched to fib 50% of wave (i) i.e Rs 405.15
Impulse wave (iii) - equal to fib 1.618 of wave (i) i.e., Rs 780.70
Correction wave (iv) - retrenched to Rs 628.05 i.e., is equal to distance of wave (ii)
Impulse wave (v) - final leg of impulse wave is on and expected target will be fib 2.618 of wave (i) i.e., Rs 1067.75 with stop loss below Rs 755.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Impulse wave (i) - from level Rs 248.70 to Rs 561.55
Correction wave (ii) - price retrenched to fib 50% of wave (i) i.e Rs 405.15
Impulse wave (iii) - equal to fib 1.618 of wave (i) i.e., Rs 780.70
Correction wave (iv) - retrenched to Rs 628.05 i.e., is equal to distance of wave (ii)
Impulse wave (v) - final leg of impulse wave is on and expected target will be fib 2.618 of wave (i) i.e., Rs 1067.75 with stop loss below Rs 755.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Nota
price near resistance level !!Nota
certainly price moving toward target, strong momentum in stock.Trade chiuso: obiettivo raggiunto
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