📈 Bharti Airtel 📉
Bharti Airtel is nicely taking support at Upward Trendline since September 2021 and starting from Jan 2022 it is facing a resistance at 730-735 zone.
This pattern is finalised as a Triangle and on verge of break out.
My View : Most likely breakout will happen on upside as it is not forming lower lows anymore.
Disclaimer : Only For Education...
1) On 1 day time frame,it closed just below 21DMA.
If we apply Fib retracement for recent uptrend, then we can see that major support is at 687.90 level and major resistance is at 712.85 level range.
Today's daily candle look bearish. If tomorrow it trades below today's low then it will invite more profit booking.
Taking long position because of the resistance line break by the price and close above it. Also profit target is measure based on the price range between the support and resistance level and that distance is paste on the break out level or in the resistance line, and taking the highest point as a profit target. Stoploss is just below...