Retracement in BhartiAirtel

٣ نوفمبر ٢٠١٧

It looks that on W - the stock has performed sincerely to respect the elliot waves. However, by the end of this week and with the beginning of the next a retracement is expected to be followed where the stock would dip to level sub-500 and attain or test the new support of around 477 and probabilistic-ally would continue the upward trend. Thus, we can maintain the calm and watch the stock for a possible pull back- where the people with sell side likeness can short sell in short term and those looking for a buy can wait to enter at a discounted level.