LONG ON BHARTIARTL(NSE)

May 17, 2020

This analysis is only for educational purposes, Invest at your own risk!

• A narrowing Uptrend can be seen on BHARTIARTL which closed at 554.10 INR on Friday.
  
• The price has approached close to resistance level and gives a pretty good long opportunity for traders .
  
• The High created on 15th April at 535.30 INR serves as a resistance level for the price .
  
• The stick is also approaching its 52 Week high and also has earnings coming out on Monday (18th May).
  
• Getting into a long position at 554.10-555.00 INR and selling at a profit of 1.15-1.20% i.e around 563-565 INR may prove to be profitable.
  
• The ON BALANCE VOLUME indicator also shows us an uptrend making our decision even more strong.
  

ALL THE BEST TO EVERYONE !
Cheers!

May 19, 2020

Trade closed: target reached

The target was achieved!