buzzjacky

Long Bharti Airtel

Long
BSE:BHARTIARTL   BHARTI AIRTEL LTD
Reasons for long.

1> It is showing respect to Trend line support and closed green on 24 Feb.
2> Stochastic RSI has given a crosover at the bottom.
3> Price is close to 10 SMA on Weekly time frame.
4> Option data showing accumulation for Feb and March Series.

Nearest Target 600

Final Target as per the upper resistance channel line.

Stoploss : Day Closing below previous red Candle.
Comment: Trail SL to 570
Comment: Reenter the trade EOD if 570 is breached and the candle is closing above the support trend line.

Comments

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