BullofIndia

Bharti Airtel - Call Disconnected ??

NSE:BHARTIARTL   BHARTI AIRTEL LTD
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The stock is standing at near its key support zone (Between 521 and 511). It is trading below all important moving averages (20, 50 & 100 DMA) and it about to break 200 DMA. It has lost its momentum as RSI is below 40 . If 510 is broken out, it will touch 480 at lower level very fast. On upside, it will find it difficult to break 555.

PS - I am not a SEBI registered advisor - Not an investment or trading advice - Just for education purpose - 99% Guess - Future will tell what will happen next.

Comments

Govt. made it mandatory to buy telecom equipments from authorised sources - basically restricting use of Chinese equipments - looks like it will impact Airtel in big way as it’s a major user of such instruments - Friday 480 ?? Let’s see !!
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