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BHARTI AIRTEL LTD
Long

Rebound Method Buy Opportunity

By IDTrader_IN
Updated
The price has entered the range in between 10 & 30 EMA and has closed above 10 EMA with a good green candle. Seems like the beginning of an uptrend. 10 EMA has crossed above 30 EMA before a few days and we have got the rebound confirmation also. 15% target possible in a few weeks.
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The Market corrected heavily today. But the stock did not close below 30 EMA. Still within the range between 10 and 30 EMA. Tomorrow may be crucial to decide whether to hold on or exit at a loss.
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Still skeptical about the trade. Closed today above yesterday's close price. The price is within the EMA range also. Hopefully may rebound above the 10 EMA line with a good green candle tomorrow. If so can hold on to the trade. Exit if closing below the 30 EMA line.
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Not giving any clear confirmation today also. Closed slightly negative, but above 30 EMA. Seems to be taking support at 464 levels. Can expect a bounce higher or breakdown.
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A good green candle made today closing above the 10 EMA. Seems like the game is still on. Can hold on with confidence.
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The move seems intact.
airteldeliveryMoving Averagestrenduptrend
IDTrader_IN
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