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pattern breakout bharti artl

 
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Author pattern breakout bharti artl
rrk2006hyd
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Joined: 13 Oct 2010
Posts: 874
Post: #1   PostPosted: Sat May 14, 2011 5:31 pm    Post subject: pattern breakout bharti artl Reply with quote
nice to watch bharti artl..what do u suggest

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amanaujla
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Joined: 28 Oct 2010
Posts: 18
Post: #2   PostPosted: Sat May 14, 2011 5:58 pm    Post subject: Reply with quote
It looks like a wolfe wave in the making with a target of around 280. If the price climbs higher from here then the WW setup will be rejected.

It is wait and watch for now. EMA2 is an important level in your chart. It should hold for any further increase in price.
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grizzlybull
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Joined: 26 Sep 2010
Posts: 80
Post: #3   PostPosted: Sat May 14, 2011 6:54 pm    Post subject: Reply with quote
my view is that it is still in a trading range, I am refering to the weekly chart.

(given below)

artl.png
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bharti airtel, moving in a range. A false signal breakout was observed a few weeks ago.
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