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sankatradesindia
Oct 14, 2020 4:19 AM

Bharti airtel at strong support Short

BHARTI AIRTEL LTDNSE

Description

Bharti airtel will attempt to take a strong support around 414-415 levels.

If the resistance is broken, then the down side could be huge and profitable.

Sell below 414. Target at 388. Stop loss at 427.
Comments
jothilingammicro
Bharti airtel everyday it will come down any bounce back expect in this script?
sankatradesindia
@jothilingammicro,

Hey. Look, I am just going to give you my thought process in this scrip. It is a fundamentally great stock. It has added great numbers in the last month and it is poised to well and truly compete with Reliance Jio.

So if you are looking for an investment opportunity, this scrip is available at attractive levels and the AGM problems seem to have been put behind them. I would say buy here for long term.

In case you are looking for short term, I would suggest you to look at other counters for now. Banking for instance today (15th October) could see some profitable moves.

Hope you have good day! Cheers.
sankatradesindia
@jothilingammicro, Did you look at the charts? Any break from the support would have caused this. :)
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