TRADE NIVESH Bharti Airtel had announced rights issue to raise up to Rs 25,000 crore through issuance of fully paid up shares and an additional Rs 7,000 crore via foreign currency perpetual bond issue. The rights issue will be raised in the ratio of 19:67 (i.e., 19 shares for every 67 shares held) at a price of Rs 220 per share.
jump at 335
Bearish Gartley pattern is seen to be forming in the 4H Chart of Bharti Airtel. Intraday SELL around 355.4 levels.
I just started learning Harmonics, so I'm not sure about the Target and SL yet. Want to get comfortable first, in drawing patterns according to the rules and see how it works.
Bharti has come out of multi week consolidation range of 280-340.It has also close above 23.6% retracement of the entire fall from 600-280 level. Stock is looking good for 385-400 level which is 38.2% and earlier resistance of upmove. Positive news from industry that pricing is likely to stabilise in near future has given momentum to the stock. Trader can buy...
Bharti Airtel is technically strong, Multiple cross over in SMA from below, RSI is moving up and maintain above 50 level, MACD signal line crossing from below. Immediate resistance level 346-347, but will the stock hold this level and move upwards or fall from the current price?