Monday, May 24, 2010

Analysis of Bharti Airtel Limited (BHARTIARTL-BY)

SELL the  heck out of it !!!   SELL  on   every bounce   you  see.    Don’t   even  think of   buying  it in the  near  future.



CANDLE STICK TREND ANALYSIS
·           The  stock  started the  Downtrend   from  MAY  ’09    and  from making  lower   highs  and lower  lows.  When  The  world   stocks    were     making a  run   higher  from      march  ’09  till  now,  i.e.  May   ’10     this    one        clearly proves that   it’s  a  laggard.
·           The     MACD   histogram  is  screaming  aloud   that there is a      negative  divergence  with the +ve peaks  becoming  smaller  and  -ve   peaks   becoming   bigger and  bigger.
·           The    MA.s    are    in the  worst   possible   alignment   of   20  day  below   50  day  below   200  DAY . this  makes it a  perfect   stock  for  shorting  and  to  stay    all the   way  away   from  taking a  LONG  position.
·        POINT  AND    FIGURE  TREND ANALYSIS
·        The   Stock  has    broken  it’s  UPTREND   line  That it’s  been   following    from    Oct  ’09  and  currently   following  a  downtrend  line   which  speaks  volume  about   the    weakness of the  stock.
·        The  Bearish    P &F   objective  of the    stock  which  is  calculated   basing  upon the momentum  with  which  the  stock is    moving  is  at  240 . As  the   stock  is    continuously    making   lower  lows  the   Price  objective   iAs  named as  “ BEARISH             “

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