Bharati Airtel- Falls impulsively from 338

122 0
We will wait for going fresh longs which can be done only above 338 marks. From 283 bottoms it looks choppy structure & it is hard to trade such moves in the short term.

Short Term Strategy
If sustains above 310- keep strict stops of recent swing low & look for the zone 319-322 if holds on top & falls below 320 then keep stops of recent swing high & sell for targets 300-305.

Long Term Strategy
Look to buy in the zone 285-290's if at all it dips as 280-285 is an earlier double bottom zone.

Related Analysis Attached Below
Trade active: 06:42 Hrs 28th Dec2016

Last Price@300

Yet again, it pushed upside close from double bottom lows of 283 if crosses above 306 & sustains then it starts again upside. Or look for selling opportunity below 290 but book profits above double bottom of 283
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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