Technically AIRTEL is at support levels and a buy candidate for bounce back trade. Buy with SL of 370 on closing basis.
IF HOLDS 394 390 LEVELS WE CAN SEE GOOD UPSIDE FORMING HEAD & SHOULDER PATTERN
The bullish bat PRZ may act like a magnet to pull the price towards 395 odd levels. Price has already broken out of a pennant pattern and resuming the downtrend. The 407 could act as a minor support. Short term traders may take advantage of the shorting opportunity. The long term traders may look for covering shorts in the specified zone and think of accumulation...
NSE:BHARTIARTL Trading on bearish wedge pattern. RSI Divergence seen in daily chart. Breakout awaited for Buy confirmation. As of now neutral.
buy @ 505 for safe traders level of 520 crucial and important ..!!!
AIRTEL LOOKS WEAK TECHNICALLY AS 1) HAD A GAP DOWN FROM HIGH 2) TRIED AND FAILED TO FILL THE GAP 3) TESTING 505 LEVELS MANY A TIMES 4) THUS A SIMPLE SELL SIGNAL FOR 20 -50 POINTS ABOVE ARE NOT RECOMMENDATION BUT THE WAY I TAKE TRADES !!!
BIGGEST BREAKOUT TILL DATE WATCH OUT COMING LEVELS - 580 IN COMING WEEK STOP LOSS - RISK WITH LOWER 50 POINTS