Airtel
Bharti Airtel - SwingStock has formed a symmetrical triangle on Daily TF and has been moving around its support zone from a long time.
Wait for stock to break 538 for targets of 550, 559 and 586
On the contrary if stock breaks 514 on the lower side then target of 500 can be seen in 1-2 sessions only
P.S. This trade can take few days to trigger however the movement can be very fast, so keep on radar !!
Airtel can show upward movement , price at support , buy at 524I will buy Airtel because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 524
Target : 611
Stop loss : 506
Bharti Airtel Looks Weak! Wait for the Exact Levels for ShortingBHARTI AIRTEL looks weak on charts.
As it is trading in it's strong area of resistance of support of over the year.
Enter Short Below 525 as shown in area box lower levels with stop loss near blue trendline or upper zone of channel.
Also it breached the lower red trendline therefore probability of moving lower is high keeping in mind if levels of 555 & 570 are not breached.
Important Levels for BHARTIARTLAbove 600 still remains a strong resistance zone for Airtel. If AIRTEL closes above 600 and is able to sustain at 600, only then can we see 600+.
PS: I'm a College Student, not a broker, I'm not qualified enough to suggest people trades. I'm a student to take a keen interest in the Stock Market during the lockdown. Please do share your views, I am still learning.