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Airtel

airtelThe chart you've shared is for **Indus Towers Ltd. (NSE)** on a daily time frame (1D). Let's break it down step by step: ### 1. **Price Action** 📉 The current price is **₹366.75**, down by **-8.60 (2.29%)** for the day, showing a bearish trend. The price opened at **₹375.00**, reached a high of **₹378.40**, and a low of **₹364.35**. ### 2. Pattern🏔️ This pattern often signals that a downward trend may continue unless there’s strong support. 3. **Support Levels** 🔧 The green line labeled "can take support" is marked around "₹363.70, suggesting this could act as the "first support level. A more critical support is marked at **₹355**, which is labeled as "major support"**. If the price drops further and breaks through ₹355, it may indicate a further fall in price. 4. **Volume Analysis** 🔍 The volume for the current day is **5.047M**, which seems relatively high. This increase in volume during a price drop could indicate strong selling pressure, confirming the bearish sentiment. 5. **Outlook** 🔮 If the price bounces off the₹355 support, there might be some consolidation or a small reversal. However, breaking below ₹355 could signal a continued downtrend. **In summary**: **Bearish signal** with the Head and Shoulders pattern 📉. Watch the support levels: **₹363** and **₹355 (major)**. A breakdown below **₹355** could lead to further declines. no recommendation for the buy and sell
NSE:INDUSTOWERLong
by investigationofchart
Bharti Airtel Ltd. (BHARTIARTL) ForecastThe chart represents the 4-hour price movement of Bharti Airtel Ltd. on the NSE. Here is an analysis and summary: Analysis: 1. Price Trend: The price has been making higher highs, indicating an upward trend. 2. Volume: The volume is relatively low despite the price making higher highs, suggesting potential weakness in the current uptrend. 3. Divergence Pattern: There appears to be a divergence pattern, which often signals a potential reversal. 4. Support and Resistance Levels: - Resistance: The price has recently hit resistance around 1379. - Support Levels: Multiple support levels are indicated at 1332.50, 1266.05, and 1217.15. 5. Possible Sell Signal: The combination of higher highs with low volume and a divergence pattern suggests a possible sell signal. Forecasted Movement: - Short-term: The price might experience a pullback or correction from the current levels. It is projected to first drop to the support at 1332.50. - Medium-term: If it breaks the 1332.50 level, the next target would be around 1266.05. - Long-term: A further decline could see the price reaching the 1217.15 support level. Summary: The chart indicates a possible bearish outlook for Bharti Airtel Ltd. due to the combination of higher highs with low volume and the divergence pattern. Key support levels to watch are at 1332.50, 1266.05, and 1217.15. If these levels are breached, it could confirm the downtrend and result in further price declines.
NSE:BHARTIARTLShort
by The90sTraderOfficial
BHARTHI AIRTEL - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:BHARTIARTLLong
by Tradelikemee