Bharati Airtel- Falls impulsively from 338

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
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle

Telegram Handle

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.