Bharti Airtel CMP 1724
Elliott- the stock has formed an expanding triangle in its B wave which is a rally in a three wave correction ABC. The C wave will have 5 waves and will be a fast fall.
Fibs- In my view the Fib confluence at 1360 is the minimum correction that this stock will witness. This is a good 20% from the current levels.
RSI - the stock is on the highs where as the oscillator cannot go past the bear zone of 60-65 is negative.
Conclusion - With a weight of 4.25%, Bharti has the 5th highest weightage in Nifty. Hence yet another heavy weight showing it is about to give a deep correction.
Elliott- the stock has formed an expanding triangle in its B wave which is a rally in a three wave correction ABC. The C wave will have 5 waves and will be a fast fall.
Fibs- In my view the Fib confluence at 1360 is the minimum correction that this stock will witness. This is a good 20% from the current levels.
RSI - the stock is on the highs where as the oscillator cannot go past the bear zone of 60-65 is negative.
Conclusion - With a weight of 4.25%, Bharti has the 5th highest weightage in Nifty. Hence yet another heavy weight showing it is about to give a deep correction.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.