In my opinion, a 5 year chart needs to be seen on Log scale and if you do that, this trend liine was broken quite a long time back.
----- Original Message -----From: Radhey Shyam MauryaSent: Monday, November 23, 2009 4:50 PMSubject: [Technical-Investor] Bharti 5 yrs. chart
Dear All,Bharti has broken long term trendline on 5 yrs. chart, will green horizontol lines will act as support or we will see more downside?Comments are welcome in the light of Elliot Waves and Fibonacci Retracement analysis.
Happy Investing,Radhey Shyam Maurya
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