AbhishekHSinghCMT
Long

Bharti Airtel - The final push for 425-430 from 400 zones

NSE:BHARTIARTL   BHARTI AIRTEL LTD
Current Price@401.50 Time- 13:25 Hrs , 11th July2017

In previous update suggested to sell below 325 which did not activate & bharti pushed again upside to new highs of 410.

Trading Strategy
In next few sessions, if bharti holds the zone of 397-402 -Takes rest means gets good support in the desired zone as mentioned & starts moving above 402 then likely we see a push upside which can extend to 425-430 zone which was updated in Jan 2017 earlier update shown as 410-430 zone.

Going above 453 - Bharti becomes extreme bullish case or falling below 355-350 - troubles for bharti to come next.

Previous Update - Sell not activated below 325 - pushes to 410 Highs
Trade active: 14:45 Hrs 11th July2017

Last Price@396

Let us see if we get support in this zone as suggested above 397-402.
Trade active: 09:32 Hrs 12th July2017

Last Price@400

Gap up move for the day makes session high@402.30.. Moving above 402.30 next is what we will be eyeing here.
Last Session as expected 397-402 hold - it slight surpassed to 393-395 zone & opened gap up.
Trade active: 12:30 Hrs 12th July2017

Last Price@395

Did not sustain above 402 which we were looking for an upside trigger . In opening move high of 402.30 it is still intact.
Trade active: 10:13 Hrs 17th July2017

Last Price@408

We shall book profits which was initiated above 402 & take a pause for sometime.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Iam in @ 403
Reply
@SatyamMishra, Hope it stays above 402 first. Let me get back to you.
Reply
SatyamMishra AbhishekHSinghCMT
@AbhishekHSinghCMT, sir sl kahan place karun?
Reply
@SatyamMishra, I have updated that we need to book profits at 408 & hold next.
Reply
What should be the sl?
Reply
@SatyamMishra, It came down just now from 402 to 397 as expected now -allow it to hold first - if holds then recent low will be stop but buying only above 402 -if starts moving on upside & holds above 402.
Reply
SatyamMishra AbhishekHSinghCMT
@AbhishekHSinghCMT, what should be the sl?
Reply
👍👍👍👍
Reply
@sbhirang, Trade carefully. Thanks
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