BHART AIRTEL - Consolidation Zone Spotted
Updated
BHART AIRTEL after recently taking rejection from 610 levels twice has moved towards a similar consolidation zone as seen In Jun-July series.
Good Opportunity to go long till 568 & 582 levels. After 568 could retrace back to 555 and then journey back towards 582 levels. So watch the movement carefully. However, in the Feb series - if breaks 582 levels with good vol, then should again test 610 levels and make new highs as well.
Most of it would also depend on the 2021 budget announcements for telcos. But since Bharti is a bullish stock, 582 levels seem to be easily achievable for short-swing trades. If it takes support at 555, then option buying can also be done till 568 & 582.
This is my personal analysis based solely on the price action and does not intend any guarantees. Please trade at your own will. Happy Trading.
Buy at 555 (if sustains)
1st Tgt - 568, 2nd Tgt - 582, 3rd Tgt - 610
Stoploss - 543
Kind Regards!!
Good Opportunity to go long till 568 & 582 levels. After 568 could retrace back to 555 and then journey back towards 582 levels. So watch the movement carefully. However, in the Feb series - if breaks 582 levels with good vol, then should again test 610 levels and make new highs as well.
Most of it would also depend on the 2021 budget announcements for telcos. But since Bharti is a bullish stock, 582 levels seem to be easily achievable for short-swing trades. If it takes support at 555, then option buying can also be done till 568 & 582.
This is my personal analysis based solely on the price action and does not intend any guarantees. Please trade at your own will. Happy Trading.
Buy at 555 (if sustains)
1st Tgt - 568, 2nd Tgt - 582, 3rd Tgt - 610
Stoploss - 543
Kind Regards!!
Trade closed: target reached
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