BHARTIARTL Monthly Long

BHARTI AIRTEL LTDNSE

Description

⋅ May 10, 2021 12:42 PM

After a failed breakout of 10 year consolidation channel, it broke this time and retested channel resistance.
RSI trendline breakout too on monthly chart. however it has to sustain near 600 on monthly.
Huge resistance seen at 580-600 levels in option chain data.

Comments

KD1911

⋅ May 11, 2021 6:59 PM

If it sustains around 600 levels, what target are we looking at?

VijayBabuA

⋅ May 12, 2021 6:11 AM

@KD1911,

width of the channel.

Narayan_G_S

⋅ May 10, 2021 3:49 PM

how did u get to know about the resistance from option chain? like i want to learn

VijayBabuA

⋅ May 12, 2021 6:10 AM

@Narayan_G_S,

Puts --> Support
Calls --> Resistance

Max OI at strike prices of calls/puts resembles resistance/support.