BHARTI AIRTEL

Bharti Airtel  EOD Chart

For Positional Longs wait for correction.
This is an EOD chart for Bharti ARTL,  which clearly shows a five wave move past the reflex point is about to end.  The  estimated end point for wave 5 comes to 360.85,  and we can now look for 3 wave correction before we initiate positional Longs.  Supposing it ends at given tgt  we can expect 50% to 61.8% retracement i.e. look to buy in the range of 300 - 285.


Here is a short Trade for short term

Bharti Airtel  Hourly Chart

Here is a Hrly chart depicting the internal wave structure of the wave 5
w ii  is almost 78% of w i
w iii is 161.8% of w i
w iv is 38.2% of w 3
A normal  wave should have ended at 345 approx.  Here w v has started expanding and the possible TGT could be 359.5  at 100%   from there we can expect fast retracement  into the range of 329 -326.

If we go deeper into the sub wave and take the emerging ratios likely projected end is close to 361.  Hence from the above three we can safely assume that there is a very good chance for  a low risk short entry close to 360  with minimum stoploss  and tgt could be 329-326  and then may be  300-285

Keep in mind wave 5's can keep expanding,  we only know after the end of it.

Happy Trading !
SHEKHAR