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Aditya_Singh21
May 17, 2020 8:28 AM
LONG ON BHARTIARTL(NSE)
Long
NSE:BHARTIARTL
1D
BHARTI AIRTEL LTD
NSE
Description
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May 17, 2020 8:28 AM
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!
Trade closed: target reached
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May 19, 2020 6:44 PM
The target was achieved!
Trend Analysis
Chart Patterns
Technical Indicators
52weekhighs
LONG
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