Bharti Airtel weekly chart history does give a clue of what has happened when rise in price was not supported with rise in momentum. Details in the chart.
Bhartiairtel seems to be forming similar W pattern with heavy volume on the bullish side the stock is in range movement since many weeks on daily time frame and a near breakout from W pattern is imperitive. Watchout to mint it Follow us on twitter and t e l g m :
wait for price to close above resistance this is looking perfect bullish to me. and off course i am bullish in this one
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NSE:BHARTIARTL long setup. Keep track of this. If it resumes uptrend, then it will zoom fast as today's action looks like week longs shakeout.
Bhartiairtel broken daily trendline and buy RSI is at high trendline. If RSI trendline broken then a sharp rally can be seen . else it will retrace till 276-273 and that would be entry point. Targets on chart
Bhartiairtel is near to its resistance line(blue) which it most like would break and can give upside spurt.
Here You Guys Can See Cup And Handle Chart Pattern Which Indicates Traders Could Take Long Position...
Go long on airtel, target 600/607
Airtel may touch 535 in short term. SL 560 closing and sustaining.
as we can see there was a up trend and now the stock is taking breather for next run so it would be a good opportunity to trade .... consult your advisor before taking position
AIRTEL BULL RUN Above 568 for 676 Buy Near 550 SL 520 Target 568 (Safe Players Book 50% here) and hold for 577 602 623 643 672
Looking at Airtel trading in range from past two weeks, if breaks the range, we can look for short term uptrend. Keep in watch list on monday Also above 50 and 200 day moving averages