nalinakshi

Preparing to fall to the levels of 372

NSE:BHARTIARTL   BHARTI AIRTEL LTD
once 391 is broken on the closing basis , you can see momentum down fall to the level of 370
Comment: It has stepped out of the range,, so you will see the levels of 372
hold
Comment: it is nearing my target, and 372 is crucial for bharti. price may halt falling at this level, may see price reversal around this price, if somebody short, i feel to cover their shorts at this price

Comments

reversal , logic says YES , but current scenario says NO
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nalinakshi pratik2358
@pratik2358, i go with the support and resistance. Bharti has multiple supports around 372. If it breaks that support then you can see very fast price erosion. but chances are it take reverse from that price. stochastics is in oversold position. rsi 32 and it is showing signs of bullish divergence on rsi, not confirmed, if it revrses and if it makes higher low on rsi then we can get another confirmation. macd already showing bullish divergence. so chances of bharti reversing is high
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