nisachar

RSI Divergence in Bharti Airtel

NSE:BHARTIARTL   BHARTI AIRTEL LTD
Breakout can happen for short trade as well as Long depending on level break on basis of RSI Divergence Trading opportunity.
I will update accordingly on the daily charting pattern.
Comment: Today Price has broken the Price Trend Line in RSI Divergence set up.
However, to confirm strong selling, RSI trend line must be broken. Wait for the same.
Comment: Please note Airtel is due for a move down with first support @ 672.15. I will update accordingly. Resistance has been formed at 738.
Comment: Wait till the 670 level as I feel the Trend is highly downward. or Wait for an RSI Positive divergence.
Trade closed: target reached
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