Bharti Airtel again at break out level.

Bharti Airtel is Trading in the zone since the last one month. Now once again the buying opportunity in the share . As marked on the charts we can see the formation of cup & handle pattern along with the price moving above the 50 & 20 EMA levels. So we take take the long entry above the level of 575 for the target of 590. Now the stock facing the major resist. at the area of 592 to 595. if stock able to cross this level than only we can see the lift time high of the stock. So add the stock in your watch list to see the price action movement of the stock.

Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .

Comment:

Wait for the level of 575

Trade active

Trade active:

High 580

Comment:

@ 587

Trade closed: target reached:

As per level given Target done @ 592