Wednesday, January 22, 2014

BHARTIARTL Chart Analysis - 22 Jan 14

In below 15 Mins TF, IHNS pattern can be observed in BHARTIARTL (in 30/60 Min as well).
Pattern Breakout: Price breaks neckline (currently at 311.50) on the upside.
Pattern BO Tgt: 319-320 with SL below 307.85

In below 15 Mins TF, Bull Flag pattern can be observed in BHARTIARTL.
Pattern Breakout: Above 310.22 (currently).
Pattern BO Tgt 1: 312.5 and Tgt 2: 319 with SL below 309



BHARTIARTL made Bullish Harami Pattern today in Daily chart which is very bullish in nature but need confirmation on 3rd day.



BHARTIARTL is re-testing up-trendline (joining 238.45-275.2-280.5). This is currently placed at 302.65 which is also the recent low made by BHARTIARTL



In weekly time frame,:
1. Weekly Hammer is in making and will get confirmation on 24th Jan's closing price
2. Weekly up-trendline may provide support to BHARTIARTL which is currently at 307.5
3. We can spot Triangle in weekly chart with breakdown below 307.5 based on weekly closing price (i.e. on 24 Jan)
 

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