Bharti Airtel NSE:BHARTIARTL vs Vodafone Idea NSE:IDEA
Both posting heavy losses
AGR woes for telecom operators - 24th Jan deadline for payments, airtel 35k crore outstanding, idea 50k crore outstanding
both want curative measures from govt
airtel claims will be routing some funds from funding that they have secured, idea hasn't published what they would be...
Most discussed topic these days is - has Nifty peaked out and correction on cards
My view - Not yet , it still has some steam left and can possibly touch 12500 before the budget
will it reverse from 12500 - Possibly yes
reasons - 12500 is near fib level as given on charts
- channel upper band
my Trade - long with a target of 12450
a clean cup and handle pattern on weekly chart for bajajfinsv
Its going to re-test the neck line on chart soon .
after touching the neck line while re-testing its difficult to tell if its going to bounce or drop from there as doesnt have a very clear volume during breakout
suggestions - welcome - how do you read this chart ?
took support from the EMA and closed in green today.
tomorrow in opening hour or so may show some correction but likely to end in green - rsi in buying zone
entry and sl shown on chart
don't enter the trade if the metal index goes for a big gap down tomorrow
Playing well in a channel, in the last session, rebounded from the bottom channel support.
If it doesn't breakout out from the channel on Monday, its high chances will touch 535 lvl soon
All the best for your trades !!!