Airtel
WAS AIRTEL REALLY IN DOWN TREND OR NSE:BHARTIARTL
I DON'T THINK THAT AIRTEL CHANGED THE TREND IT WAS JUST A CORRECTION OR A MOVE FOLLOWED WITH FRIENDS
THIS STOCK AGAIN ON TRACK AND MOVING FOR THE WINNING THE RACE AFTER SOME CORRECTION IN SHORT TERM
PRICE TO WATCH IS 530 AND AFTER THAT ITS HIGH AND THEN NEW HIGH
Bharti Airtel vs Vodafone IdeaBharti Airtel NSE:BHARTIARTL vs Vodafone Idea NSE:IDEA
Both posting heavy losses
AGR woes for telecom operators - 24th Jan deadline for payments, airtel 35k crore outstanding, idea 50k crore outstanding
both want curative measures from govt
airtel claims will be routing some funds from funding that they have secured, idea hasn't published what they would be doing
Why is airtel stock price increasing and idea stocks price decreasing ? does this mean idea losses would be airtel gain
some analyst say if idea goes down (other than this AGR they have other problems as well to fight for - losing subscribers, Vodaphone idea integration woes) - 100 million subscriber base of idea would be for grabs and airtel & Jio would be beneficiaries
Is Airtel a good bet? don't know about long term but for short term yes
Technicals - heavy volume - Price in the Sell zone
buy above yesterday's high
Entry Price - buy above 504
1st target Price - 516
2nd target Price - 543
Happy Trading
Hero of the day - Airtel !Airtel today, showed movement aroud 30 % in the stock price. The heavy OI change was reason backed by this rush. Also Airtel, had seen around 2000 OI change on 14th November as well.
Please check out the Participant wise OI involvement on the NSE Website for 15th November, 2019. The long positions by retail clients and short by FII, DII and PRO's, could be the reason behind price rise.
BHARTI AIRTEL SHORTBharti Airtel is breaking it's range (~340-380) slightly due to speculative/news based buying which doesn't seem sustainable. Short orders can be placed if it dips below 375 for targets of 340-335. Also, all the news channels seem very bullish on it which according to my experience means there's a high probability it will fall.