BHARTI INFRATEL : TIME TO RIPE THE PROFITS !?!
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The stock has reversed smartly from the lower levels and recently have outperformed benchmark Index.
The rally from lower levels has led to develop probable bearish ABCD harmonic pattern on daily scale.
The BC has retraced 50% of AB followed by 200% BC Projection completing around 213.
The ABCD ratio completes near 210.
Moreover, the pattern completes insync with price & time.
Thus, Potential reversal zone (PRZ) comes at 210-213 levels.
This development of pattern hints trend reversal going ahead.
The pattern shall negates above 218 CB !!
KEEP ON RADAR !!
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| BHARTI INFRATEL (D) |
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