the drop on volumes of 9th august, dosent look like a climax with an opening marubozu candle on it, but to clear the things off, the on balance volume clearly shows, that there has not been any loss of volumes due to that,and it has maintained a base, indicating, there was no major offload out of the accumulation...
BHARTIAIRTEL has made descending triangle,upon breakdown will leads to further down move.
Entry = 354
tgt1 = 352
tgt2 = 350
tgt3 = 348
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Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
I am looking there might be an up side move in this scrip as the drop does not indicate intense move
one can look for reversal and look for buy set up , this one is high likely will make one more move up
ALL THE FORMATS BULLISH.
HOURLY CHART HAS A PENNANT FORMATION TO A BULLISH FLAG POLE.
LET THE PRICE CROSS 372 LEVELS, TARGET FORESEEN FOR AIRTEL IS 430 IN THE COMING WEEKS.
WHAT NEWS COULD CAUSE SUCH A HUGE UP MOVE?
MAY BE THIS ONE?
(Bharti Airtel is likely to partner with private equity major Warburg Pincus to pick stake in Dish TV.
Post-merger, the merged...
Bharti Airtel has been on a good run recently. Technically, it's trading along a rising channel. The current price i.e. closing price on 4th Jul of around 362 has run the stock in to a strong resistance area spread between 360 and 365. For the recent bull trend to sustain, a break in closing basis above that resistance area is critical.
From technical stand...