BHARTIARTL trade ideas
Long in Airtel: BuyBuy Airtel at CMP.
The stock is oversold both on STC and MFI. ROC moving towards 0 from below and today the stock broke it's resistance of 533 with volume.
First and immediate target is 545-550 which may take some time to break, support at 533. Second target is 575. However this time I think that the stock will break it's long term resistance of 610-620 if it crosses 550 on a closing basis. In 3-6 months expected to rally to 700.
BHARTIARTL Resistance Trend line Breakout Done in Hourly time frame, Can go Long now or in Dips near 549, with Stoploss of 544, for Targets of 564, 571, 581, 591 & 600
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing