Wave Strategy Home Forums Trader’s Forum Bharti Airtel Limited: Elliot Wave Counts

This topic contains 1 reply, has 1 voice, and was last updated by  Abhijeet Durge 2 months, 2 weeks ago.

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  • #150908 Reply

    Abhijeet Durge
    Participant

      Dear Mr. Kyal, Please see below wave counts for Bharti Airtel on Weekly Chart. Are the counts correct from EWP? Best Regards Abhijeet Durge  

    #151170 Reply

    Abhijeet Durge
    Participant

    I have further detailed Bharti Airtel in terms of impulsive and corrective counts. Please advise. Best Regards, Abhijeet Durge  

    #151263 Reply

    Ashish Kyal, CMT

    Very good application of the Elliott wave principle. The count look accurate until the final leg where wave 2 has retraced a lot of portion of wave 1 i.e. more than 61.8% of wave 1 and so there is possibility that it is forming an Ending diagonal pattern. Given that the rise will become corrective and not impulsive.

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