Airtel is in a downward channel. Even after relatively positive judgement outcome, the share price did not sustain above channel and retraced back to channel. Considering the high number of puts, the price of airtel would move above 500 and if this sustains above 510, then it might move up, but it it falls back in to channel next month, there will be a long term...
Zeel is in a long term downward channel. and recently have shown a breakout of the channel. However, it is moving in a tight range.If it breaks above 230 with volume, there will be a up move and if it moves below 210, there can be more time before it moves up.
