indiamarketoutlook

Bharti Airtel: Remember what was said for Bharti Airtel at 525

NSE:BHARTIARTL   BHARTI AIRTEL LTD
Bharti Airtel

This is what was posted on July 04, 2021 when Bharti Airtel was at 525


- momentum might come in once closing is above 560 (on a weekly or monthly closing basis)

- the importance of 560 was derived from February 2021 month candle ( Shooting star candle)- where the Open was at 559 and close was at 556 but intraday high was at 623.

That candle reflected that close above 559 would lead to at least February highs of near about 623 levels in quick time

it consolidated for the whole of July but in month end it closed at 561.65. Today Bharti Airtel has made a high of 619 (already 10% rally) in 4 trading sessions.

That idea (posted on July 4) had just 5 Likes but those who followed the idea are reaping the rewards now...

Technical Analysis can give you a lot.... the question is are you willing to listen to charts???

Follow for more such ideas...

But don't just follow me blindly
learn to identify such opportunities independently...


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.