Tuesday, January 17, 2012

Bharti on the verge of completing a 4 yr long 'Triangle Pattern'!

This is a daily chart of Bharti. I have marked wave {D} in the middle top portion of the chart. This {D} is actually second last wave of a triangle. This triangle has been forming since 2007, so one can say that Bharti was in consolidation since approximately 4 years. Now wave {E} must be a 3 wave structure, and we can see that we have already completed waves A and B, now forming wave C of {E} of (IV). We might form a triangle in wave [4] of C of {E}. Once this wave [4] and [5] are done we will get a sharp thrust which will be coming out of a 4 year long triangle. So it will be worth waiting for.

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