Dear Mr. Kyal, Please see below wave counts for Bharti Airtel on Weekly Chart. Are the counts correct from EWP? Best Regards Abhijeet Durge
I have further detailed Bharti Airtel in terms of impulsive and corrective counts. Please advise. Best Regards, Abhijeet Durge
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.