MilestoneCapital

Bharti Airtel - Bearish Projection - Triangle

Short
NSE:BHARTIARTL   BHARTI AIRTEL LTD
Bharti Airtel has been trading in a symmetrical triangle for the last few sessions. Price action within the triangle signals towards an imminent breakdown. Those holding longs in Bharti Airtel should exit. Those who want to go short, should either wait for an actual breakdown or go short around the third bounce (See the projected blue line). Once it breaks below the triangle, it is likely to go to a level of 485.

Disclaimer

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.