Multi Year Trend Resistance Breakout - Bullish Pennant

Telecom Stocks picked up pace after the recent relief package from the Government.

Bharti Airtel being one of the top Challengers in the Telecom space is expected to show some upside, given the facts that :

1. It broke a multi year Trend Resistance
2. A Bullish Pennant is formed
3. Sustained Ride with two Bull Flags
4. Above MA Volume
5. ADX above 45 - Strong Trend

Movement can be expected in the direction of the breakout.
This is not financial advice. Please consult your financial advisor before taking a position.

Thank You :)


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.