Sunday, November 21, 2010

Bharti Airtel forms Bearish Catapult in Point and Figure Chart

In point and figure chart Bharti Airtel has formed Bearish Catapult pattern.
It has formed triple bottom around 320 levels. It also formed lower bottom and lower tops. This chart is so weak in chart, it could potentially touch 300-280 level. It will be a false signal if it takes 350 level with reasonable volume.

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