mr-sky

Analysis of Bharti Airtel

Long
NSE:BHARTIARTL   BHARTI AIRTEL LTD
Bharti Airtel CMP - ₹574.7 – Dt. – 12-07-2020

The stock has made the Ascending Triangle pattern and can give a good amount of return if it gives close above ₹587.2 for 2 consecutive days and 2nd resistance level is placed at ₹603.7 and after that ₹612 which is an all-time high.
Order cancelled: just IN - TRAI has asked Airtel and Vodafone to put hold their postpaid plans. Chances are the stock can open in the red.
Trade closed: target reached: Target achieved.

Comments

It will fall sir no way of it going up. Tomorrow big fall can be seen in this counter
Reply
mr-sky somnathdash33
@somnathdash33, Yes due to the current news chances are pretty high of price opening in the red. I had posted the analysis day before the news.
Reply
somnathdash33 somnathdash33
@mr-sky Congratulations!! you did a great job with the analysis
Reply
mr-sky somnathdash33
@somnathdash33, thanks bro
Reply
somnathdash33 somnathdash33
@mr-sky tomorrow will be very crucial for the stock, it will break 590 then retrace to 580 and again closing should be around 585-590. if it remains then long position can be created I see heavy unwinding in 580-590 calls
Reply
kushalvora6290 somnathdash33
@somnathdash33, @mr-sky what is the possibilities of Bharti airtel for tomorrow ?
Reply
somnathdash33 somnathdash33
@kushalvora6290 opening positive then pullback and in the end closing should be above 585 for a sustained journey. If it deviates from the current rally then again it will go back to 565 levels, but most probably tomorrow should be a good day for bharti airtel
Reply
kushalvora6290 somnathdash33
@somnathdash33, I bought at 587. what is your expert view for BTST?
Reply
somnathdash33 somnathdash33
@kushalvora6290 i have positional option of 630 ce i sold 580 ce today, It will be very tough for it to cross 600 in a day time frame as there is not immediate support building at 600 so i would avoid btst call and take a positional call here
Reply
kushalvora6290 somnathdash33
@somnathdash33, okay. thanks for help. Are you available on telegram ?
Reply
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