the correction of Bharti from 600 to 480 has formed multiple resistances, so any upmove not backed by heavy volumes will be sell on rise. now below 465 the down side is huge till 361.
lets see how the script behave as market is also facing resistance at the top now.
@QuackStocks, thanks for the feedback...Bharti Airtel should not close below 488 on monthly basis because if we see the monthly chart the break out of Cup and Handle pattern took place at this level...so it is my gut feeling that it may reverse from this level by taking support from 488. I may be wrong as market don't move as per our thinking