nitinshm

Bharti Airtel, Long for target of 600+

Long
NSE:BHARTIARTL   BHARTI AIRTEL LTD
Demark trendline is made by joining TD points. Here TD2 points are joined to form a trendline. BHARTIARTL is about to give a close above demark trendline. To get the target, take the distance of lowest point and demark line and project it upwards

BHARTIARTL has a 126 point gap and based on that we can expect a target of 600 based on above mentioned method.

Conservative investors can wait for swing high of 494 to be broken as additional confirmation.

Target 1 = 550-560
Target 2 - 590-610

Stoploss: 460

Trade active: Entry at 495
Comment: Stock was struck in a flat zone 500-515. It came out yesterday with good bullish candle.

Expecting targets of 535/550 in this upmove.
Trade closed: target reached: Target reached. Book profits(atleast partially). 20% gains in 1 month. There is more steam left. Stock can go to 750+