BHARTIARTL-Potential Trade

Hi Friends,
I was analysing BHARTIARTL.
Following are my observation.
There is a Head and shoulder pattern developing with a neckline at 320. Incidently 320 is also a 52 week low price for this stock. Hence a strong support at 320 is expected.
If on Monday it closes below 320, then a potential short trade is available for all of us. Also when I see ADX (13) it has risen by 5 points in last few days and has a value of 13.68 and it is on the verge of going in between +DMI and -DMI, which I believe is an early indication of bearish trend coming in place. The target price for this pattern would be 260 (320-80, the height of head).
The only problem with this setup is the bullish divergence between RSI and price. Though the price has made a lower low, RSI has not. Also the volume was very low on Friday.
If it closes above 330 (friday's high), then an agressive long trade can be taken assuming the bullish divergence has played its role. Can't say the target for long trade.
I have attached the chart. Request all the friends here, if possible please give your comments, suggestions and views.



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Thanks a lot for your views. I am ok with ur views abt h&s. What would u say about breaking a important support with ADX showing that a fresh trend may begin. Assume it closes below 320 on monday.

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