manavtechresearch

BHARTI AIRTEL LOOKING FOR A DOUBLE BOTTOM BREAK

Long
NSE:BHARTIARTL   BHARTI AIRTEL LTD
NOTE:
1-Stock was created a double bottom on weekly chart
2-Stock after raising tariff has seen targets re-iterated
3-Need daily close and a weekly close above 611
4-A close above the levels of 611 will lead to fresh expansion in coming week and month

TRADE
-Since stock is volatility a deep stop is required
-Do not over trade

AUG FUT/SEPT FUT
Buy@611 (weekly close )
Stop@585
TARGET-1@645
TARGET-2@672
TARGET-3@693
Trade closed: target reached: BOOK PART PROFITS NEAR 645
WILL LOOK TO ADD IF STOCK CORRECTS

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