balaji_damo

Airtel - Short idea

Short
balaji_damo Updated   
NSE:BHARTIARTL   BHARTI AIRTEL LTD
The stock has formed a symmetrical triangle pattern with support line exactly at middle. There is a decreasing trend in the volume.

Considering the recent rally it has corrected to 23% level.

Breakout is possible from here.

Short below 485 with SL at 300 for target of 470, 465, 453.
Comment:
Trade not triggered and since it is going to the moon this set us has become null and void
Order cancelled

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