Bharti Airtel (Avoid or Short)
Hi Everyone,
Here is my update on Bharti Airtel with regards to Technical Set up:
1. It has formed a bearish flag pattern which indicates further downfall in the share price
2. OBV trending downwards - which means huge selling interest
3. The more the price goes up, the more the sellers are coming on to sell this share. So there is a huge squeeze happening with the share price since Aug'20
We can see a price target of around 370 in the long term and for investors, it is better to avoid this share until we can see a good price above 569. Not much to talk about this technical setup as this doesn't provide much of a good technical setup.
Please do like, follow and let me know your comments
Disclaimer: This is an educational view and not financial advice
Thanks!
Here is my update on Bharti Airtel with regards to Technical Set up:
1. It has formed a bearish flag pattern which indicates further downfall in the share price
2. OBV trending downwards - which means huge selling interest
3. The more the price goes up, the more the sellers are coming on to sell this share. So there is a huge squeeze happening with the share price since Aug'20
We can see a price target of around 370 in the long term and for investors, it is better to avoid this share until we can see a good price above 569. Not much to talk about this technical setup as this doesn't provide much of a good technical setup.
Please do like, follow and let me know your comments
Disclaimer: This is an educational view and not financial advice
Thanks!
Disclaimer
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