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.
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 !!