BHARTIARTL closes at ` 374.60 with a gain of +4.30 % on 27 Jan 2012 with formation of White Long Candle on Daily Price Chart .It has formed a Dark Cloud Cover & Symmetrical Triangle Pattern on Charts. Technically, BHARTIARTL is looking good on Charts. Major Momentum Indicators are also Bullish on Price Chart. Relative Vigour Index has given Strong BUY Signal on Daily price chart. RSI is also in overbought Zone.
We Recommend to BUY - BHARTIARTL AT `CMP Or Above `377.85
Target- `384.20/469
STOP LOSS - `365.75/345
Time Frame- 5/25 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market,Major World Indicies,Bonds,ETFs. We use Ami Broker Charting Software (V-5.50),Pattern Explorer & AmiTools-Power Scan(V-1.3.6).You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633 Or SMS at +91 880 2230 836/ 8927670565.
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market,Major World Indicies,Bonds,ETFs. We use Ami Broker Charting Software (V-5.50),Pattern Explorer & AmiTools-Power Scan(V-1.3.6).You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633 Or SMS at +91 880 2230 836/ 8927670565.
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