Bharti Airtel Fractal Analysis
Here's a chart showing Bharti's movement. As you can see, in both cases we had a reversal at the top with a wedge formation. the Second drop was a sharp move below the ichimoku cloud.
Markets and charts are a reflection of traders' psychology. I'm expecting a similar pattern to evolve again as we continue to test resistance and fail before correcting atleast until the 78.6 fib level. That should be a good entry point for a long term position in Airtel. In the shorter term, a run to Rs. 465 is possible, which should bet met with strong resistance and fail.
Markets and charts are a reflection of traders' psychology. I'm expecting a similar pattern to evolve again as we continue to test resistance and fail before correcting atleast until the 78.6 fib level. That should be a good entry point for a long term position in Airtel. In the shorter term, a run to Rs. 465 is possible, which should bet met with strong resistance and fail.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.